Tesla Shares Fall 5.92% After Cybercab Launch Leaves Analysts Seeking Details

  • Tesla began carrying paying Austin customers in Cybercabs through its Robotaxi service.
  • NHTSA opened an Audit Query covering Tesla's certification of up to 1,000 Cybercabs.
  • Tesla shares closed at $354.08 on Friday, down 5.92%.

Tesla shares closed down 5.92% at $354.08 on Friday after launching its purpose-built Cybercab in Austin, Texas, where the two-seat vehicle without conventional manual controls began carrying its first paying customers through Tesla's Robotaxi service. The launch provided limited disclosure on deployment scale and timing, prompting cautious reactions from several Wall Street analysts, although others maintained favorable long-term views on Tesla's robotaxi economics. Gene Munster, co-founder of Deepwater Asset Management, forecast that Tesla would add roughly 300 Cybercabs to its Austin fleet within a month. Hours after the rollout event, the National Highway Traffic Safety Administration opened an Audit Query into Tesla's certification that Cybercab complies with applicable federal safety standards, examining the certification process and technical data for up to 1,000 vehicles.

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