Tesla’s highly anticipated Cybercab update tanked on Friday, falling 5.92% to close at $354.08 after a closed-door Austin event completely alienated both Wall Street and retail investors. In a bizarre move, the event featured absolutely no appearance from Elon Musk, was completely blacked out from a public livestream, and revealed that a mere 45 Cybercab units have actually been deployed. The final blow came from regulators, with the NHTSA launching a formal query into Tesla's self-certification process for a Cybercab lacking pedals and a steering wheel. Between Wells Fargo doubling down on its "Underweight" rating and the regulatory hammer looming, Wall Street is pulling the emergency brake on the robotaxi hype train. Perhaps this is the death of Cybercab...
Are you buying this 6% Cybercab discount, or is it time to short TSLA?
Source: [CNBC](https://www.cnbc.com/2026/09/04/teslas-stock-drops-as-cybercab-update-underwhelms-nhtsa-probe.html)
