KIDZ AI, a Nasdaq-listed company with a market capitalisation of about $2.4 million that formerly ran online coding classes for children, said on Tuesday it had sent Tesla a procurement inquiry for 500 Robotaxis and was planning an “Autonomous Fleet Operations Strategy.”
At Tesla chief executive Elon Musk’s target price of under $30,000 per Cybercab, such an order would cost about $15 million, roughly six times KIDZ AI’s market value. The company reported $8.88 million in cash and restricted cash at the end of June.
KIDZ AI’s shares rose about 10 percent in pre-market trading after the announcement, then fell about 6 percent once the market opened, according to Electrek. The stock is down about 99.97 percent over the last year.
The company said the inquiry “does not constitute a binding order,” that its plan is in a “preliminary planning, evaluation, and partner exploration phase,” and that it “may determine not to proceed.”
KIDZ AI was previously called Classover Holdings, an online education company for K-12 students that went public through a SPAC merger in 2025. Service revenue fell 34 percent year-over-year to $0.48 million in the second quarter of 2026, and the company lost $2.5 million in the quarter, according to its results.
In June 2025, Classover announced a deal for up to $500 million in convertible notes from Solana Growth Ventures, with up to 80 percent of proceeds to buy SOL tokens. Only an initial $11 million was funded. In June 2026 the company rebranded as KIDZ AI, said it was dropping Solana for the Hyperliquid ecosystem and yield-bearing stablecoin strategies, and announced a push into GPU cloud and AI data centers.
Since the rebrand, the company has announced a $44.6 million, 60-month GPU compute deal, a stake in a data center in Cambodia and a “KIDZBot” robotics financing, according to Electrek. It carried out a 1-for-10 reverse stock split in June and a 1-for-15 split in August, with both filings citing Nasdaq’s $1 minimum bid price rule.
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Tesla began circulating an interest form for Cybercab fleet buyers at its launch event earlier this month, allowing companies to say they had submitted interest to Tesla.
MisterGreen, a Dutch Tesla-only leasing company that built a fleet of more than 4,000 Teslas partly on Musk’s statements that the cars were appreciating assets that would earn robotaxi income, went bankrupt after Tesla’s price cuts reduced resale values, wiping out its bondholders, according to Electrek.
Tesla’s own Robotaxi service in Austin remains limited, with an active fleet not much bigger than at its June 2025 launch, while Alphabet’s Waymo operates roughly 4,000 driverless vehicles, according to Electrek.