Tesla experienced pronounced selling pressure and elevated intraday volatility following its highly anticipated Cybercab launch event in Austin, Texas. While the stock had rallied in the sessions leading up to the reveal on high expectations for an expansive robotaxi roadmap, the actual event triggered a classic sell-the-news reaction. Institutional investors expressed frustration over the limited operational scope and lack of concrete scaling timelines provided during the presentation. Disclosures revealing a modest initial test fleet size in Texas, alongside lingering regulatory hurdles such as the absence of federal safety exemptions, undercut market optimism regarding immediate commercial monetization of autonomous driving…