TechCrunch Mobility: Tesla Cybercab hits the road — and a snag
Tesla's recent Cybercab event failed to impress investors, leading to questions about the company's transition from an automaker to a robotics leader. Simultaneously, the NHTSA has launched an investigation into the safety of the steering-wheel-less vehicles.
Why it matters
The investigation and lukewarm reception highlight the regulatory and technical hurdles Tesla faces in scaling its autonomous robotaxi ambitions.
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Depending on which corner of social media you frequent, the Tesla Cybercab event was either proof that the company is a robotaxi leader delivering the future or an overhyped affair with little substance. Whatever your view, Wall Street wasn’t impressed by the Cybercab event in Austin, which was unusually quiet and lacked the festival-like atmosphere of past Tesla events. CEO Elon Musk didn’t even attend — a notable and puzzling absence, especially considering he has spent years arguing that Tesla’s future — and its value — hinges on robotics and AI.
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