BlockBeats News, September 5th — Tesla's stock price in the US fell more than 6% during Friday's trading session. The drop came after the highly anticipated update on the Cybercab autonomous taxi did not meet Wall Street's expectations, raising concerns among investors about its ability to compete with Waymo in the US robotaxi market.

Tesla held the Cybercab event in Austin, Texas on Thursday, which was by invitation only and not livestreamed. CEO Musk was also absent. The company announced that users could experience the Cybercab autonomous driving service in a limited area of Austin through the Tesla Robotaxi hailing app.

Analysts at RBC Capital Markets in Canada stated that the event only revealed limited new information, with key issues such as pricing, production timeline, and regulatory approval still unresolved. Analysts at Wells Fargo also described the "Cybercab launch event" as disappointing, highlighting early operational issues facing Tesla's Austin robotaxi service.

Additionally, the US National Highway Traffic Safety Administration has initiated a "review inquiry" to confirm whether Cybercab meets federal safety standards and has completed relevant safety certifications. Prior to the event, Tesla's stock price had risen by 5.4% the day before.