Tesla Shares Slide 4% as Cybercab, Optimus Face Production Delays
Tesla Inc. (TSLA) shares fell 4% Tuesday after CEO Elon Musk warned of 'agonizingly slow' initial production for its Cybercab robotaxi and Optimus humanoid robot. The decline reflects investor concerns over technological hurdles and regulatory approvals that may delay Tesla's 2026 volume-production targets.
Musk emphasized the challenges of scaling novel technologies, with the steering-wheel-free Cybercab slated for mass production in 2026 and Optimus potentially entering limited production by late 2024. Analysts note Tesla's history of pushing technological boundaries but caution about execution risks in these untested markets.
The slowdown opens opportunities for urban infrastructure developers and mobility software firms as they await Tesla's rollout. Market watchers now scrutinize whether regulatory delays or technical bottlenecks will prove the greater obstacle to Musk's ambitions.