Tesla (TSLA) opens Cybercabs to the public in Austin, Texas, Robotaxi app tops the charts, more

Michael Burry disclosed short positions in Nvidia (NVDA) at $198.09, Applied Materials (AMAT) at $729.40, and the iShares Semiconductor ETF (SOXX) at $642.80, citing overvaluation in semiconductor and AI-related stocks. Burry believes the sector's rally is nearing its peak, comparing it to the 2000 dot-com bubble, and noted that South Korea's chip spending may signal the end of the cycle.

The National Highway Traffic Safety Administration (NHTSA) opened an audit of Tesla's Cybercab vehicles, questioning their compliance with federal safety regulations. Tesla launched paid robotaxi rides in Austin, despite the lack of steering wheels, pedals, or mirrors. Experts and advocates express skepticism about the Cybercab's compliance with existing standards. Tesla's stock valuation is approximately $1.4 trillion, highlighting the importance of this regulatory scrutiny.

Palo Alto Networks (PANW) beat Q4 estimates with $3.41B revenue, up 34% YoY, and issued strong fiscal 2027 guidance. Ciena (CIEN) reported a 37% YoY revenue increase to $1.671B, driven by AI network spending. Zscaler (ZS) posted a Q4 double beat with 25% YoY revenue growth to $898.16M and raised fiscal 2027 guidance. Lululemon (LULU) missed Q2 estimates and lowered its full-year outlook, causing shares to drop 16.4%. Michael Burry criticized Palantir (PLTR) for accounting and valuation concerns,

The National Highway Traffic Safety Administration is investigating whether Tesla's new Cybercabs, which lack steering wheels and other standard controls, comply with federal safety rules. Tesla launched the service in Austin, Texas, and plans a national rollout. Tesla's stock fell over 5% on news of the probe, to $357.38. The company faces other federal investigations into its self-driving software.

Tesla has begun offering paid rides in its Cybercab robotaxis, which lack conventional controls. The NHTSA is auditing 1,000 Cybercab vehicles to assess compliance with federal safety standards. Tesla's move could test regulatory limits, as experts debate the vehicle's safety and adherence to standards. The company's stock valuation is $1.4 trillion, reflecting its focus on self-driving technology. Tesla has not responded to requests for comment.

Tesla launched its Cybercab, a two-seater autonomous vehicle without a steering wheel or mirrors, for ride-hailing in Austin. The NHTSA opened an investigation to assess its compliance with federal safety standards, which were designed for traditional vehicles. Tesla claims the Cybercab meets all applicable standards, but the NHTSA seeks to review the certification process and technical data. Non-compliance could lead to a recall and fines.