BlockBeats said on September 5 that Tesla shares finished Friday down 5.92%, wiping out roughly $88 billion (about ¥591 billion) in market value in just one trading day. A brutal drop. It comes as Tesla’s push to make Robotaxi its next growth engine runs into what’s being described as a “double squeeze” from regulators and market expectations.
NHTSA Probes Cybercab Compliance
The U.S. National Highway Traffic Safety Administration (NHTSA) has started reviewing about 1,000 Cybercabs, with a close look at the compliance process and the technical data Tesla relied on when it said certain federal motor vehicle safety standards did not apply. And because the Cybercab has no steering wheel, no accelerator pedal, no brake pedal, and no traditional side mirrors, that review may shape how fast the vehicle rolls out and how far operations can expand.
Wall Street Calls Launch Event Underwhelming
Wall Street viewed Tesla’s Cybercab commercialization event in Austin as “underwhelming.” The reason was pretty plain: no specific deployment scale, no production capacity targets, no timeline, and CEO Elon Musk was absent. Analysts at Evercore ISI, Wells Fargo, Barclays, and JPMorgan said the event offered little in the way of new information. That, in turn, could keep pressure on Tesla’s stock in the near term.
Long-Term Outlook Still Mixed
But the longer-range view is still mixed, even with the near-term pressure. Wall Street remains cautiously optimistic about Cybercab’s potential over time. JPMorgan expects Tesla’s Robotaxi fleet to grow to around 9,000 vehicles by the end of 2027, while RBC Capital Markets projects that the U.S. market could have about 40,000 Cybercabs by 2030.