Why Tesla Stock Is Crashing Today
Yahoo Finance ·
Why Tesla Stock Is Crashing Today Nauman Khan Fri, September 4, 2026 at 1:39 PM EDT 1 min read TSLA This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) shares dropped more than 5% Friday after U.S. auto regulators began reviewing whether the company properly certified its steering-wheel-free Cybercab. The National Highway Traffic Safety Administration is examining about 1,000 vehicles and the technical basis Tesla used to determine compliance with federal safety rules. The review also covers whether certain requirements were considered inapplicable to the autonomous vehicle. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The investigation follows Tesla's initial commercial rollout of the two-seat Cybercab in Austin, Texas, which began Thursday. The company plans to expand the autonomous service to more vehicles and locations over time. NHTSA noted that the Cybercab does not have conventional driver controls, including a steering wheel, brake pedal or accelerator. Texas records showed 420 autonomous Tesla vehicles registered as of Friday, including 45 Cybercabs. The agency has authority to permit up to 2,500 vehicles per manufacturer each year without traditional controls. NHTSA previously cleared Amazon's Zoox for limited commercial robotaxi operations. The probe adds regulatory uncertainty around Tesla's autonomous-vehicle rollout and pressured shares lower.
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