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.
The driverless rides reflect Elon Musk's push to turn the EV maker into an autonomous-vehicle giant.
Elon Musk spent this week making two claims that sit awkwardly next to each other.
“No steering wheel, no pedals,” Tesla teased on X before the launch.
Tesla published a form on Thursday for businesses interested in buying Cybercab fleets or providing infrastructure for its network, the latest sign that the company's aspirations for its gold-hued autonomous vehicle stretch beyond being a robotaxi operator.
Today could be the day Tesla changes forever.
The past month's electric vehicle story is a single-name story. Tesla (NASDAQ:TSLA | TSLA Price Prediction) shares are climbing while the sector benchmark barely moves and one pure-play peer implodes.
Options traders are kicking off the historically worst month for stocks by piling on bullish bets on a handful of retail trading favorites.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) shares are leading a tight rally into Thursday afternoon as investors position ahead of Starship test 14. SpaceX stock is up 7% to $150.84.