Core Viewpoint - Tesla is actively testing its Cybercab in Austin, aiming for driverless operations, amidst mixed reactions regarding its autonomous technology and regulatory challenges [1][2][7]. Group 1: Cybercab Testing and Development - A Cybercab was spotted in Austin, Texas, indicating Tesla's ongoing efforts to develop autonomous taxi services [2]. - Influencer Sawyer Merritt noted that this was the first time the Cybercab was tested on Austin roads, aligning with CEO Elon Musk's vision for driverless operations [2][3]. - Tesla's Board Chair Robyn Denholm mentioned the possibility of manufacturing a Cybercab with steering wheels and pedals to comply with regulatory requirements [6]. Group 2: Regulatory Challenges - Tesla is facing a 30-day suspension of its license to manufacture and sell vehicles in California due to a court ruling that deemed its marketing terms like "Autopilot" and "Full Self-Driving (FSD)" deceptive [7]. - Investor Gene Munster criticized the ruling as "absurd," emphasizing that Tesla communicates the need for driver attentiveness when using FSD [8]. Group 3: Market Reactions and Future Prospects - Tesla's stock declined by 4.62% to $467.26 at market close, but saw a slight recovery in after-hours trading, rising 0.46% to $469.40 [10]. - The company is perceived to have strong momentum and quality metrics, although it struggles with value, indicating potential investment opportunities [10].
Elon Musk-Led Tesla's Cybercab Spotted Testing In Austin Amid Robotaxi, Driverless Push - Tesla (NASDAQ:TSLA)