Why is Tesla stock sliding today?

Stock futures are mixed ahead of the August jobs report, which may influence the Fed's interest rate decision. Tesla is under investigation by auto safety regulators, and its shares fell 3% premarket. Lululemon shares dropped 20% after lowering its full-year revenue outlook. Adobe named Anil Chakravarthy as its new CEO, and its stock is down 4% premarket.

Tesla (TSLA) launched its two-seat, driverless Cybercab in Austin, Texas, with limited public spectacle. The event lacked live footage or executive remarks, and only 45 vehicles are authorized for driverless operation. Regulators are scrutinizing Tesla's autonomous systems, and the Cybercab's price target of under $30,000 is uncertain.

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