NHTSA Opens Probe Into Tesla Cybercab Certification, Shares Drop 6%
TSLA sits 23% above its 52-week low of $297.38.
Summary
The NHTSA has opened an investigation into Tesla's Cybercab technical data and certification process, sending shares down about 6%. This adds regulatory risk to the robotaxi rollout, which Musk says uses brake-by-wire and no rare-earth metals. ARK projects sub-$0.25/mile ride-hail fares at scale, but the probe could delay deployment. Separately, Slovenia granted temporary type approval for FSD Supervised, and Tesla exported 36,119 vehicles from Shanghai in August. The Q2 delivery figure of 480,126 was already reported in July; the new regulatory action is the key driver today.
At the time of this announcement, TSLA was trading at $366.65 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.