Tesla Stock Drops 6% as Cybercab Launch Underwhelms Wall Street
- News
- Rocks on Galaxy
- Tesla
- 06 Sep, 2026
Tesla shares fell 6% on Friday, September 4, 2026, after Wells Fargo analysts published a note with an unambiguous headline: "TSLA Cybercab Launch Event Underwhelms."
What analysts are saying
In their note, Wells Fargo analysts said Tesla's Austin robotaxi service is "facing early execution issues" — a warning sign for investors who had hoped for a smoother rollout.
A bumpy start in Austin
On social media, users have shared videos and complaints about Tesla Robotaxi routing errors. These reports, relayed by CNBC, temper the enthusiasm around the autonomous fleet's launch in Texas.
An NHTSA probe in the background
The stock decline comes as the NHTSA, the U.S. road-safety regulator, has opened an investigation into the Cybercab shortly after its Austin launch. Tesla's shares remain under pressure while these questions linger.