Tesla’s 1,000-Cybercab Austin plan draws NHTSA probe and investor optimism

  • Gene Munster said Tesla’s Austin Cybercab deployment plan could support the stock.
  • Tesla plans to deploy 1,000 Cybercabs in Austin, according to NHTSA’s inquiry details.
  • NHTSA opened an Audit Query on September 3 covering Cybercab safety compliance.

Tesla shares could benefit from the company’s plan to deploy 1,000 Cybercabs in Austin, according to Gene Munster of Deepwater Asset Management, even as NHTSA (U.S. vehicle safety regulator) examines whether the vehicles meet federal standards. Munster said the target demonstrated stronger confidence in Cybercab safety than investors had expected and viewed the probe as a temporary obstacle. NHTSA opened an Audit Query on September 3 to review Tesla’s certification process and technical data for vehicles lacking conventional controls such as steering wheels and pedals. Ross Gerber, co-founder of Gerber Kawasaki, separately warned Tesla owners as Elon Musk pursues a robotaxi business model inspired by Airbnb and Uber. Tesla shares fell 0.47% to $352.42 in Tuesday premarket trading, while Benzinga Edge Rankings gave the company moderate Growth and Quality scores but poor Value and Momentum ratings.

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