Tesla Investors Disturbed by Cybercab’s Obvious Lack of Progress

Tesla began public rides in two-seat Cybercab robotaxis in Austin on September 4 without announcement or livestream. The fleet is small and limited to a geofence, NHTSA has started a safety certification review, and investors point to risks and capex exceeding $25 billion.

• Public Cybercab rides opened September 4 in Austin
• Fleet limited to geofence; in New York cars had steering wheel and driver
• NHTSA started safety certification review of Cybercab
• Tesla capex to exceed $25 billion, debt capacity up to $30 billion