Tesla shares fell 6% after its Cybercab update disappointed investors, following a 5.4% gain ahead of the invite-only Austin event. The two-seat vehicle has scissor doors and no steering wheel, pedals or rearview mirrors, and Tesla is targeting pricing below $30,000 and operating costs under $0.20 per mile. Tesla also solicited fleet, mobility-hub and infrastructure partners, while regulators and analysts continued to question its safety certification, production plans and execution. A newer account dates the introduction to September 4, 2026, six weeks after Tesla said it would not pursue volume production during 2026.