Tesla Targets End-of-2026 Cybercab Sales While NHTSA Probe Looms
TSLA sits 26% above its 52-week low of $297.38.
Summary
Tesla's engineering chief Lars Moravy said on the Q3 call that the company is trying to get Cybercabs to customers by the end of 2026, starting small to learn delivery, ownership and fleet management before scaling. The two-seat, no-steering-wheel vehicle is central to Musk's AI-and-robotics pivot, and Tesla began paid Cybercab rides in Austin early last month. That launch was followed within hours by an NHTSA investigation into how Tesla self-certified the vehicle against federal safety standards that still require manual controls; Tesla must respond to the agency by October 30. AI head Ashok Elluswamy said the gating factor is regulatory approval, not manufacturing, and Tesla plans to expand the service to Dallas next month. The commercial timeline is aggressive given the open probe, and the October 30 response date is the near-term checkpoint.
At the time of this announcement, TSLA was trading at $373.65 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 neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.