Tesla's Cybercab launch event underwhelms

Tesla (TSLA) has invited businesses to express interest in buying Cybercab fleets or supporting its robotaxi network, indicating a shift in strategy. The company is exploring third-party involvement, though details remain undefined. This follows Tesla's in-house approach to robotaxis, using Model Y and Cybercab vehicles. The move comes as competitors like Moove expand in autonomous fleet management.

The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating about 1,000 Tesla Cybercab vehicles for compliance with federal safety standards. The probe follows Tesla's commercial deployment of a small number of these autonomous vehicles in Austin, Texas. NHTSA noted the lack of conventional manual controls in the Cybercab and will examine Tesla's certification process and related issues. Tesla had 420 autonomous vehicles registered in Texas as of Friday, including 45 Cyberca

Tesla launched its Cybercab, a two-seat, steering-wheel-free robotaxi, in Austin, Texas, without a livestream or public remarks from Elon Musk. The event was closed to the public, with attendees signing NDAs. Tesla confirmed Cybercab rides are available in limited Austin areas via the Robotaxi app, but pricing and broader access details were not disclosed. The company's shares rose over 5% ahead of the event, amid broader market declines. Regulatory questions about the Cybercab's safety and comp

Tesla (TSLA) launched its Cybercab robotaxi, with shares rising 5.42% to $376.37. Morgan Stanley highlights fleet scale as key to stock performance, with bullish and bearish scenarios outlined. The firm maintains an 'Equal-weight' rating and $400 target. Tesla has registered 45 Cybercabs for commercial use, signaling potential expansion. Regulatory approvals and operational readiness are noted, but the event's closed nature drew skepticism. Competitors like Waymo and Zoox are also active in the

Lululemon (LULU) fell 18.17% in after-hours trading after missing Q2 revenue estimates and lowering full-year guidance. Tesla (TSLA) rose 5.42% on Cybercab event anticipation. Zscaler (ZS) gained 2.94% after beating Q4 estimates and raising fiscal 2027 guidance. UiPath (PATH) edged up 1.28% but dropped 7.74% in after-hours trading. SpaceX (SPCX) jumped 6.42% on AI advancements.

Tesla launched steering-wheel-free Cybercabs in Austin, Texas. The move aims to boost ridership and stock performance amid declining sales. Tesla shares rose over 5% on the news. The company faces competition from Waymo and regulatory scrutiny over safety concerns.