Tesla shares slump after feds launch probe into new Cybercabs | Latest Tech News
The U.S. National Highway Traffic Safety Administration on Friday opened an investigation into whether or not Tesla correctly licensed its autonomous Cybercab robotaxi.
Tesla shares fell almost 6% on Friday, closing at $354.08.
The auto security regulator is analyzing the method and technical data the EV maker relied on to reveal compliance with federal motor vehicle security requirements for up to 1,000 Cybercabs.
Auto-safety regulators opened an investigation into whether or not 1,000 Tesla Cybercab autos had been correctly licensed. ZUMAPRESS.com
Tesla on Thursday started industrial deployment of a small quantity of the two-seater Cybercabs in Austin, Texas, and said it deliberate to progressively broaden the service to further autos and areas.
NHTSA said the Cybercab lacks standard handbook controls, including a steering wheel, brake pedal, accelerator pedal and mirrors.
Automakers must certify autos meet the Federal Motor Vehicle Safety Standards, and when licensed autos seem to not adhere to these necessities, NHTSA investigates, the company said Friday.
In June, the company proposed to end a authorities requirement for handbook brake pedals in self-driving autos, a transfer that would make it simpler to deploy such autos on US roads. It has proposed other adjustments to federal security requirements to enable AVs to keep away from needing further human driver tools.
Until that work is accomplished, present requirements stay in pressure, NHTSA said.
“NHTSA fully supports the safe development and deployment of automated vehicles. But as the federal regulator, we need to ensure that all of our laws are followed,” said NHTSA Administrator Jonathan Morrison.
NHTSA said the Cybercab lacks completely connected standard handbook controls, including a steering wheel, brake pedal, accelerator pedal and mirrors. ZUMAPRESS.com
The company is investigating the idea of Tesla’s Cybercab certification and associated points, including the extent to which the company decided that sure requirements weren’t relevant to the vehicle.
Tesla didn’t immediately reply to a request for remark.
The EV maker had 420 autonomous autos registered in Texas as of Friday morning, according to state data, including 45 Cybercab autos.
Under present law, totally self-driving autos don’t need NHTSA approval if they’ve required human controls, like steering wheels, brake pedals or mirrors.
A drone view exhibits gold-colored Tesla Cybercabs lined up in a car parking zone on Wednesday, August 12, 2026, in San Diego, California. REUTERS
NHTSA has authority to grant petitions to enable up to 2,500 autos per producer yearly to operate on US roads without required human controls. In July, NHTSA accepted a petition for Amazon’s Zoox unit for restricted industrial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous journey industry.
NHTSA said beforehand Tesla had not petitioned for an exemption.
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