Cybercab unveiled by Elon Musk

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Courtesy of Tesla, Inc Tesla's Cybercab robotaxi parked on a dark, dimly lit street at the Warner Bros Studio in CaliforniaCourtesy of Tesla, Inc

Tesla boss Elon Musk has unveiled the firm’s long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California.

The futuristic-looking vehicle, featuring two wing-like doors – and no pedals or steering wheel – deposited Mr Musk in front of an audience eager to hear details about a project he considers key to Tesla’s next chapter.

At the event, billed “We, Robot,” the multi-billionaire reiterated his view that fully self-driving vehicles will be safer than those operated by humans and could even earn owners money by being rented out for rides.

However, investors have so far not shared his enthusiasm – Tesla’s share price fell after markets opened in the US on Friday morning.

The value of its stock was down more than eight percent, trading at around $219, at 11:45 Eastern Time (16:45 BST).

Meanwhile shares in ride-hailing rivals Uber and Lyft – which have their own autonomous ambitions – were…

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