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Apple last year launched the iPhone 16e, an update to a budget-friendly version of its flagship device that featured the company's first in-house cellular chip.The device marked a long-awaited step in Apple's efforts 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Tesla stock might not react much to the news. Investors aren't as focused on EVs or EV battery technology these days. They are focused on Cybercab, Tesla's purpose-built self-driving taxi that doesn't have a steering wheel or pedals. Tesla launched a robo-taxis service in Austin, Texas, in June 2025, and investors are waiting for it to scale up and contribute meaningfully to Tesla's bottom line.Robo-taxis are an example of Tesla's pivot from a car maker into a provider of physical AI applications. Tesla stock was down 0.9% in premarket trading at $376.80 Thursday, while S&P 500 and Dow Jones Industrial Average futures were down 0.6% and 0.3%, 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