Tesla's "Golden Era" Gets Off to a Chilly Start: Cybercab Faces Regulatory Headwinds Right After Launch
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Tesla’s stock price plunged 5.92% in Friday’s close, wiping roughly $88 billion (about 591 billion yuan) off its market capitalization in a single day. While Tesla has positioned its Robotaxi as the next growth engine, the commercialization of its Cybercab is facing a “double whammy” of regulatory scrutiny and market expectations. The U.S. National Highway Traffic Safety Administration (NHTSA) has launched an investigation into around 1,000 Cybercab units, focusing on the compliance procedures and technical data Tesla used when it determined certain federal motor vehicle safety standards did not apply. Since the Cybercab lacks a steering wheel, accelerator, brake pedal and traditional side mirrors, the probe could impact its subsequent deployment timeline and expansion of operating regions. Meanwhile, Tesla’s Cybercab commercialization launch event held in Austin was deemed “below expectations” by Wall Street: it lacked specific deployment scale, production targets and timelines, and Elon Musk himself did not attend. Analysts from Evercore ISI, Wells Fargo, Barclays and JPMorgan all noted the event lacked sufficient new details, which could put pressure on Tesla’s stock in the short term. Still, Wall Street has not completely shifted its stance on Cybercab’s long-term potential. JPMorgan forecasts Tesla’s Robotaxi fleet could expand to around 9,000 units by the end of 2027, while the Royal Bank of Canada (RBC) projects the number of Cybercabs in the U.S. market will reach roughly 40,000 by 2030.
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