Tesla’s stock drops as Cybercab update ‘underwhelms’ Wall Street

Tesla shares declined 6% Friday after the company’s long-awaited Cybercab update failed to dazzle investors. The National Highway Traffic Safety Administration also initiated an “audit query” to determine whether the Cybercab, a “purpose-built robotaxi,” complies with U.S. safety standards. The Cybercab event on Thursday was only open to invited attendees, and CEO Elon Musk didn’t make an appearance. A Tesla “Cybercab” in downtown Austin, Texas, on Sept. 3, 2026. Ronaldo Schemidt | Afp | Getty Images

Tesla shares slid 6% on Friday after the electric vehicle

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