The company's Cybercab rollout won't be as broad as some investors had hoped for.
The National Highway Traffic Safety Administration said it would examine whether the company's new self-driving taxi, which has no steering wheel, meets federal auto regulations.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) shares are sliding 3% to $363.80 in early Friday trading after Thursday's Cybercab launch event left deployment, production ramp, and regulatory questions unanswered.
Nine hundred million dollars in call premium flooded into Tesla before the Cybercab reveal, and options desks called the flow notably bullish.
The transportation agency is reviewing the new robotaxi's design and compliance with safety standards.
The United States' top automotive safety regulator has opened an investigation into Tesla decision to launch its new Cybercab on public roads with no steering wheel or pedals.
About 100 Chinese employees at the Chinese-European electric trucking startup have departed after it fell behind on wages.
On August 30, Elon Musk told his followers on X: “Try Tesla self-driving. It will improve your quality of life and may save your life.
Lululemon (LULU) cut full-year sales and profit guidance again amid China weakness and intensifying U.S. competition. Tesla (TSLA) to offer Cybercab rides in Austin, Texas after muted launch.
Driverless two-seaters hit Austin streets ahead of a subdued unveiling, as regulators question Tesla's robotaxi pace. Tesla Inc (NASDAQ:TSLA) began offering rides in its two-seat Cybercab in limited areas of Austin, Texas, on Thursday, as a widely promoted "exclusive" launch event produced little in the way of public spectacle.
Tesla Inc (NASDAQ:TSLA) has published an interest form inviting businesses to buy Cybercab fleets or provide supporting infrastructure for its robotaxi network, signalling that the company's ambitions extend beyond running the service itself. The form went live ahead of Tesla's Cybercab event in Austin.
Tesla's Cybercab is a two-door robotaxi with no physical steering wheels or pedals. The company said at a Thursday event in Austin that it added the Cybercab to the Robotaxi network.