Tesla (TSLA) Rolls Out its Safety Numbers ahead of a Make-or-Break EU Vote

Tesla (TSLA) fell 5.92% after a lackluster Cybercab launch and regulatory scrutiny, while SpaceX (SPCX) dropped 1.2%. Both are top holdings in Cathie Wood's ARK Innovation ETF (ARKK), which declined 1.06%. Together, TSLA and SPCX make up 16% of ARKK's portfolio. TSLA trades at 155x forward earnings, and SPCX at 64x sales, despite significant losses.

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 launched its Cybercab robotaxis in Austin, Texas, despite lacking traditional controls. The NHTSA opened an audit to assess compliance with federal safety standards. Experts debate regulatory hurdles and Tesla's potential to push boundaries. Tesla claims its Full Self-Driving software is safer than human drivers, but critics question its reliability. The company may self-certify the Cybercab, bypassing exemption limits.

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.