KIDZ AI, formerly an online coding school called Classover Holdings, said it sent Tesla a procurement inquiry for 500 Robotaxis and plans an "Autonomous Fleet Operations Strategy." The company's core business is collapsing: service revenue fell 34% year-over-year to $0.48 million in Q2 2026, and it lost $2.5 million in the quarter. Its market cap is roughly $2 million, and the stock has fallen about 99.97% over the past year after two reverse splits to stay on Nasdaq.
The move fits a pattern Electrek calls the "zombie pivot." In June 2025, the company announced a crypto treasury deal with Solana Growth Ventures, then dropped Solana for Hyperliquid a year later. It has since announced pushes into GPU cloud, AI data centers, a Cambodia data center stake, robotics financing, and now Robotaxis — four hot sectors in about 15 months. The Robotaxi inquiry is explicitly non-binding and in a "preliminary planning" phase, but even at Tesla's "under $30,000" target, 500 Cybercabs would cost about $15 million, roughly six times the company's entire market value.
Electrek points out that Tesla has been circulating interest forms for Cybercab fleet buyers, and anyone can claim to have submitted one. The track record for early Tesla fleet believers is poor: MisterGreen, a Dutch Tesla-only leasing company, built a fleet of over 4,000 Teslas partly on Musk's robotaxi promises, then went bankrupt after price cuts crushed resale values and robotaxi income never materialized. Tesla's own Austin robotaxi service remains limited, while Waymo operates about 4,000 driverless vehicles.
The takeaway from Electrek is blunt: Robotaxi is becoming the new crypto treasury for failing companies. If Tesla's robotaxi business were truly profitable, Tesla would deploy the vehicles itself rather than sell them to third parties. That the first high-profile buyer is a $2 million kids' coding school that was a Solana treasury a year ago says more about the pitch's appeal than its viability.