Tesla shares are falling after Cybercab event. What analysts are saying
Tesla shares decline and here's what Wall Street analysts are saying
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched an inquiry into whether Tesla properly certified its autonomous Cybercab robotaxi, according to a report by Investing.com. The regulator is scrutinizing the electric vehicle manufacturer's process and technical data used to demonstrate compliance with federal motor vehicle safety standards for up to 1,000 Cybercabs.
Tesla initiated commercial deployment of a limited number of the two-seater Cybercabs in Austin, Texas on Thursday, with plans to progressively expand the service to additional vehicles and locations. The NHTSA noted that the Cybercab lacks conventional manual controls such as a steering wheel, brake pedal, accelerator pedal, and mirrors.
When certified vehicles appear to violate these requirements, the NHTSA initiates an investigation. In June, the agency proposed the elimination of a government mandate for manual brake pedals in self-driving vehicles, a decision that could facilitate the deployment of such vehicles on U.S. roads. However, other changes to federal safety standards to permit autonomous vehicles to circumvent the necessity for additional human driver equipment remain pending.
These changes are contingent upon the completion of ongoing work. The article was produced with AI assistance and subsequently reviewed by an editor.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
