This article first appeared on GuruFocus.
Tesla (NASDAQ:TSLA) shares edged slightly higher Wednesday after the EV maker unveiled a redesigned version of its long-awaited Cybercab, this time with a steering wheel and pedals. The update marks a notable shift for Tesla, which had originally planned to sell the autonomous vehicle without manual controls.
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The decision, confirmed by Tesla board chair Robyn Denholm, appears to be a response to regulatory concerns. U.S. transportation officials have reportedly pushed back against selling fully driverless cars without a way for humans to intervene. The move may also reflect a broader effort by CEO Elon Musk to smooth relations with Washington, especially as Tesla and SpaceX face increased scrutiny from regulators.
At the same time, analysts say Musk's outspoken political activity has taken a toll. One study dubbed the Musk partisan effect suggests his public stances may have cost Tesla more than 1M potential EV sales in the U.S. alone.
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Tesla Adds Steering Wheel to Cybercab, Stock Ticks Higher
Published 1 week ago
Oct 29, 2025 at 6:55 PM
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