US agency opens audit into Tesla’s self-driving Cybercabs

Tesla launched its Cybercab, an autonomous vehicle without steering wheels or pedals, in Austin. Public rides began Friday, adding to its Robotaxi fleet. Competitors like Zoox, Uber, Wayve, and Waymo are expanding their autonomous services, with Waymo leading in U.S. city presence. Tesla's strategy relies on vertical integration and camera-only self-driving tech, but its success is uncertain.

Tesla (TSLA) launched its Cybercab Robotaxi service in Austin, Texas, making it available to the public earlier than planned. The service was initially delayed from June 2025 to September 2026. The Tesla Robotaxi app became the top free travel app on the App Store shortly after launch. The event focused on employees and select influencers, with no live broadcast. Tesla's VP of AI and Cybercab Lead Engineer presented the vehicle, which lacks a steering wheel and uses brake-by-wire technology, emp

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.