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Tesla Cybercab Event in Austin Falls Short as Robotaxi Fleet Remains Tiny

Wall Street showed little enthusiasm for Tesla's Cybercab event in Austin, where the company has registered just 45 robotaxis in Texas so far.

Tesla's Cybercab showcase in Austin was notably subdued, lacking the festival-like energy of past company events. Reaction on social media split between those who saw the robotaxi as proof of Tesla's leadership and critics who dismissed the presentation as thin on substance.

Investor sentiment did not improve after the event, according to market observers. The quiet reception stands in contrast to Tesla's typically theatrical product launches, but the company faces a more consequential challenge than event buzz: proving it can deploy robotaxis safely and at meaningful scale.

Texas state records show Tesla has registered only 45 Cybercabs to date, a fraction of the fleet operated by rival Waymo. That gap underscores how far Tesla is from large-scale autonomous ride-hailing, even as it moves forward with real-world deployments.

An additional complication emerged early Friday morning, adding a further wrinkle to the Cybercab's rollout. Details of the snag were not immediately available, but the timing puts fresh focus on Tesla's operational readiness as it pushes into the robotaxi market.