Tesla’s shares fell 6.2%, wiping $68 billion from the business, after its Cybercab launch failed to meet investor expectations, trimming gains the company had accumulated into the event.
The company rolled out a two-seat, purpose-built robotaxi that lacks a steering wheel or pedals and has produced roughly 1,000 units.
Federal probe
Federal investigators opened a review just hours after Tesla put the first production Cybercabs on public roads in Austin, a probe that landed as the rollout was starting.
Tesla has promoted the Cybercab as a lower-cost, camera-only robotaxi and has been soliciting fleet interest from third parties while signalling ambitions to offer vehicles without driving controls to customers by the end of 2026.
Heightened expectations
The market reaction reflects a year of rising expectations for a scalable robotaxi business that investors wanted to see matched with clear production, regulatory approvals and commercial plans.
