Tesla CEO Elon Musk said the company plans to sell its fully autonomous Cybercab for $30,000 or less by 2027.

The electric-vehicle maker announced Tuesday that the first Cybercab had rolled off the production line at its Giga Texas factory. Shortly after, Musk responded on X to a user seeking clarification about whether the vehicle would actually launch at that price point before 2027.

“Elon – to be clear – the bet was that Tesla wouldn’t sell a Cybercab to a customer for $30k or less before 2027,” the user asked. “Are you saying THAT specifically is going to happen?”

“Yes,” Musk responded.

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Elon Musk attends the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023, in Paris, France. (Chesnot/Getty Images)

The “bet” referenced in the exchange dates back to 2024, when Musk first unveiled the long-anticipated robotaxI and said it would cost less than $30,000 and enter production in 2026. 

YouTuber Marques Brownlee, known as MKBHD, publicly questioned at the time whether Tesla could hit that target by 2027, saying he would shave his head on camera if Musk proved him wrong.

Following Tuesday’s production milestone, Musk appeared to lean into the challenge, reacting to an edited image of a bald Brownlee circulating on X.

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The exterior of a Tesla Cybercab at the 2025 Autosalon on Jan. 10, 2025 in Brussels, Belgium.  (Sjoerd van der Wal/Getty Images)

“Gonna happen,” Musk wrote, adding a laughing emoji.

The Cybercab is a two-seat vehicle designed without traditional driving controls such as pedals or a steering wheel. 

Tesla describes it as a “purpose-built fully autonomous vehicle” that will eventually offer rides directly to consumers.

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A Tesla Cybercab is pictured on display at the AutoSalon on Jan. 10, 2025 in Brussels, Belgium.  (Sjoerd van der Wal/Getty Images)

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Still, Musk warned last month that early production of both the Cybercab and Tesla’s humanoid robot, Optimus, would be “agonizingly slow” before ramping up over time, Reuters reported.

Tesla and Brownlee did not immediately respond to FOX Business’ request for comment.

Nvidia shares rose around 2.5% Wednesday morning, following a tepid start to 2026.

Shares of Meta and Google parent Alphabet were little changed.

Shares of chip designer Arm gained about 1.5%. Nvidia uses Arm’s technology in its CPUs.

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Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.01% from last week’s reading of 6.09%. 

The average rate on a 30-year loan was 6.85% a year ago.

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The average rate on the 30-year fixed mortgage fell to 6.01% this week, Freddie Mac said. (Ty Wright/Bloomberg via Getty Images)

“This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners,” said Sam Khater, Freddie Mac’s chief economist. “Over the past year, refinance application activity has more than doubled, enabling many recent buyers to reduce their annual mortgage payments by thousands of dollars.”

The average rate on a 15-year fixed mortgage fell to 5.35% from last week’s reading of 5.44%.

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Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.08% as of Thursday afternoon.

“This dip from 6.09% last week follows a notable slide in the 10-year Treasury yield, which hit its lowest point since late November 2025 after last week’s softer-than-expected CPI reading and a relatively optimistic jobs report,” said Realtor.com senior economist Jake Krimmel.

The average rate on a 15-year fixed mortgage fell to 5.35% from last week’s reading of 5.44%. (Mike Blake/Reuters)

Krimmel also said that the lower rates are setting the stage for the spring homebuying season.

“There is a chance to be nearly a full percentage point lower than that this spring, which would meaningfully boost purchasing power,” he said. “However, the supply side remains mixed: new construction in 2025 finished behind 2024, and inventory growth has clearly lost steam.”

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Krimmel noted, however, that if the mortgage “lock-in effect” doesn’t ease, lower rates could reignite competition in the market and lead to a spike in prices.