Investors hoped Tesla’s long-awaited robotaxi demonstration would deliver on substance and not just style. On Thursday, Elon Musk did show off real vehicles and humanoid robots who walked among guests—not just a dancer dressed in a robot bodysuit,

The robotaxi — which has no steering wheel or pedals — could cost less than $30,000 and “probably” will go into production in 2026, CEO Elon Musk said.

Tesla’s stock price was down 8% early Friday after a Thursday event where company CEO Elon Musk unveiled a new two-door electric vehicle dubbed Cybercab that is designed for fully autonomous operation, a feature most notable in the car’s lack of steering wheel or pedals.