- Elon Musk’s Tesla takes a step towards autonomous transportation.
- The test drive features a Shiba Inu confidently riding the Cybercab.
- Dogecoin & Shiba Inu fetched slight gains after the announcement.
The “We, Robot” event in Los Angeles, California, offered innovations for tech enthusiasts, including the highly anticipated Tesla Cybercab. On Thursday evening, Tesla owner Elon Musk arrived in his new robot taxi to meet his audience.
Musk showcased 20 Cybercabs, a condensed version of Tesla’s iconic Cybertruck. This robot taxi operates solely on Artificial Intelligence (AI) and doesn’t have any pedals or a steering wheel. The car navigates by the passenger’s commands to the AI driver and has a minimalistic hardware approach compared to other e-car manufacturers.
As Musk entered the stage waving, the excited fans took photos of the Cybercab he was in. However, what happened next has raised additional questions among both car and crypto enthusiasts. “Hey @elonmusk, is that a Shiba Inu in a taxi?” inquired Dogecoin’s (DOGE) official X handle.
Why Is Shiba Inu Cruising in Elon’s Cybercab?
Spotted happily and independently riding the Cybercab, the Japanese dog showcased the self-driving car’s ability to provide safe, comfortable, and fast transportation. The estimated price for this type of service is approximately 20 cents per mile within LA.
Musk asserted in last Thursday’s Tesla Cybercab revelation event that this is far less expensive than the usual public transportation in the United States. An outspoken fan of the OG meme currency, Musk has already implemented DOGE payments for Tesla’s merch.
The demo Cybercab likely pays homage to Dogecoin, even though Musk’s crypto holdings remain undisclosed. Tesla Inc. is known to be a Bitcoin (BTC) proponent, currently storing 9,720 Bitcoins in its reserves.
Following the news, Dogecoin and Shiba Inu embarked on a mini rally, fetching 4% and 5.8% gains over the past 24 hours, respectively. DOGE is now trading at $0.109, bouncing back from its weekly low of $0.103 on October 10, 2024.
SHIB is exchanging hands at $0.00001756, picking up 35% gains in monthly terms. With the iconic Shiba Inu among the first to take the new driverless taxi for a test ride, public attention seems to have awakened the whales. IntoTheBlock’s on-chain data indicates that the largest SHIB holders conducted $330.77 million in weekly large transactions.
On the Flipside
- Tesla’s (TSLA) stock shares have dropped by 8% since the arrival of Cybercab.
- Elon Musk estimated that Cybercab’s retail production won’t begin before 2026.
Why This Matters
Full Self-Driving (FSD) is an upcoming innovation set to change how people get around town. The move is favorable for crypto due to the high probability of an eventual crypto payment implementation for most of Tesla’s products and services.
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