TSLA Stock Wobbles as Robotaxi Pressure Builds

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TLDRTSLA stock is down about 2% this week and could end its two-week winning streak.Ross Gerber pointed to a Santa Monica lot filled with Waymo vehicles as evidence of a larger robotaxi rollout.Waymo operates more than 4,000 vehicles across 15 U.S. cities and completes over 500,000 paid rides weekly.Tesla’s Cybercab faces an NHTSA review over its pedal-free design and compliance with federal safety rules.Tesla must answer 21 NHTSA questions by September 30 covering braking, steering, mirrors and passenger controls.Tesla (TSLA) shares are heading for a weekly decline as investors weigh fresh robotaxi competition and regulatory questions. TSLA stock is down about 2% this week, putting it on course to end a two-week winning streak. Attention has shifted toward Tesla’s Cybercab rollout and Waymo’s growing fleet. The stock move follows a volatile period around Tesla’s commercial Cybercab launch earlier this month. Investors are also watching how quickly the Austin service can expand safely.Tesla, Inc., TSLATSLA Stock Faces Fresh Robotaxi PressureGerber Kawasaki CEO Ross Gerber posted photos on X showing rows of Waymo vehicles at a Santa Monica facility. He said the site appeared to hold hundreds of new vehicles ready for deployment.Gerber also criticized Tesla for launching Cybercab without seeking an exemption for its pedal-free design. His firm still held 279,997 Tesla shares worth about $117.8 million as of June 30, based on Koyfin data.Waymo operates more than 4,000 vehicles across 15 U.S. cities and completes over 500,000 paid rides each week. The company recently entered Las Vegas and plans to reach one million weekly rides by year-end.Tesla had 420 registered autonomous vehicles in Texas around Cybercab’s commercial debut, including 45 Cybercabs. Waymo had 988 autonomous vehicles registered in the state. Tesla currently limits Cybercab service to selected parts of Austin.NHTSA Reviews Cybercab Safety ComplianceCybercab has no steering wheel, pedals, or mirrors. NHTSA has asked Tesla to explain how the vehicle meets federal safety rules without an exemption. Tesla must answer 21 questions by September 30.The agency wants details about braking, steering, mirrors, rear visibility, and passenger controls. Blockonomi reported that federal exemptions can cover up to 2,500 vehicles per manufacturer each year. Amazon-owned Zoox received an exemption in July.Tesla says its camera-based system and lower vehicle cost could support broader robotaxi expansion. Musk previously said Cybercab could cost below $30,000 and eventually reach annual production of at least two million units.TSLA stock also faces pressure from vehicle-demand concerns. On September 16 that Goldman Sachs cut its third-quarter Tesla delivery estimate to 435,000 vehicles from 490,000. The new forecast also sits below the reported Wall Street consensus of 456,000.The post TSLA Stock Wobbles as Robotaxi Pressure Builds appeared first on Blockonomi.