At the robotaxi event, Elon Musk showcases the $30,000 Tesla self-driving Cybercab and larger Robovan.

• On Thursday night, an invitation-only event called "We, Robot" showcased Tesla's Cybercab and Robovan, with Elon Musk present.
• Since 2019, when Tesla unveiled the design for its Cybertruck, the company has not held a product unveiling event until now.
• Musk arrived an hour late on stage in a "fully autonomous" vehicle without a steering wheel or pedals.

On Thursday night, CEO Elon Musk unveiled the company's Cybercab concept, a low, silver two-seater without steering wheels or pedals, after a decade of failed promises about driverless vehicles.

Tesla hosted an invitation-only event at the Warner Bros. studio in Burbank, California, with 21 Cybercabs and a total of 50 "autonomous" cars on-location, despite the event starting an hour late.

Tesla plans to produce the Cybercab for under $30,000 and hopes to start production before 2027, as stated by Musk, who did not provide specifics on the location of production.

Tesla is expected to have "unsupervised FSD" up and running in Texas and California next year in its Model 3 and Model Y electric vehicles, according to the company.

Tesla's premium driver assistance system, FSD, is currently available in a "supervised" version for electric vehicles. Although FSD requires a human driver at the wheel, ready to steer or brake at any time, the product name was recently updated to include "supervised."

On Thursday night, Musk stated that the future would be magnificent.

Musk unveiled plans for an autonomous, electric Robovan capable of carrying up to 20 people or transporting goods. He stated that it would address high-density transportation needs, such as transporting a sports team.

These autonomous vehicles, Cybercab and Robovan, would use inductive charging, allowing them to roll up to a station and recharge without the need for plugging in.

Tesla's autonomous cars have been Musk's focus for years, with him frequently boasting about their imminent arrival. However, he has consistently failed to deliver on his promises, leaving shareholders with unfulfilled expectations.

In 2015, Musk promised shareholders that Tesla cars would achieve full autonomy within three years. However, this did not occur. In 2016, Musk stated that a Tesla car would be able to make a cross-country drive without any human intervention before the end of 2017. This also did not happen. In 2019, on a call with institutional investors to raise over $2 billion, Musk stated that Tesla would have 1 million robotaxi-ready vehicles on the road in 2020, capable of completing 100 hours of driving work per week and making money for their owners.

In April, Musk informed investors that autonomy was the company's future.

"If someone doubts Tesla's ability to solve autonomy, they should not invest in the company, according to the CEO. "We will and we are," he stated during a call with analysts."

On Thursday night, Musk hosted a "party" at an event he previously described as a "product launch." Attendees were invited to test ride the autonomous vehicles on location, in the enclosed movie studio lots.

Since 2019, Tesla has not unveiled any new products until the release of the Cybertruck design. The angular steel pickup started shipping to customers in late 2023 and has been recalled five times in the U.S.

WATCH: Robotaxi event video