45 Cybercabs Are Registered in Texas
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7 SEPTEMBER 2026
By Mike Leesponsored The Ink is Already Dry on Executive Order 14330 |
The ink is already dry on Executive Order 14330. Section 3, clause 4 explicitly addresses commodities and precious metals inside retirement accounts. And inside the Federal Register, the Labor Department just confirmed that metals allow savers to benefit directly from price swings. Over 47,000 Americans wrote in about this exact rulemaking docket. At the same time, central banks just set an all-time record by acquiring 289 tonnes of gold in a single quarter. The biggest institutions in the world are quietly positioning for a massive shift. But while central banks lock away tons of bullion that pays zero interest, a $15 loophole is letting regular citizens siphon off weekly cash flow. The schedule operates on absolute clockwork: Declared on Wednesday. Ex-dividend on Thursday. Paid straight into your account on Friday. Government bureaucracy moves slowly, but the weekly payment clock does not stop. Click here to see the $15 gold strategy before the next Friday cutoff Positioning takes less than ten minutes from any standard brokerage account. |
Three Numbers From a Weekend of Announcements
396 | days since Executive Order 14330 was signed. A rule has been proposed. Nothing is live in any plan. |
45 | Cybercabs registered for driverless operation in Texas, out of 420 driverless vehicles in the state. |
2,500 | robotaxis Tesla’s own engineer told Nevada regulators it expects to field, against a 5,000 ceiling. |
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An Executive Order is an Instruction to Study Something, not a Change to Your Account
Executive Order 14330, “Democratizing Access to Alternative Assets for 401(k) Investors”, was signed on 7 August 2025 and published in the Federal Register five days later. It is real, it is short, and it is worth reading once because a great deal is being said about it.
What it does is instruct. It directs the Secretary of Labor, working with the SEC and Treasury, to reexamine guidance that discouraged plan fiduciaries from offering alternative assets inside 401(k) menus. Section 3(a) defines what counts as an alternative asset. The Department of Labor was given 180 days to complete that reexamination.
What it does not do is change anything in anybody’s account. It adds no investment to any plan. It requires no employer to offer anything.
Here is the timeline as it actually ran. Signature on 7 August 2025. The 180-day review closed around 3 February 2026. The Department of Labor published a proposed rule on 31 March 2026. That is 396 days from signature to today, and as things stand no employer plan is required or generally able to offer these assets because of the order.
A proposed rule is not a rule. It goes out for public comment, the agency reads the comments, and then it either finalises something, changes it, or lets it sit. Any of those can take another year. Then plan sponsors have to decide whether to adopt anything, and recordkeepers have to build the machinery to support it.
None of which makes the order unimportant. More than 90 million Americans hold defined-contribution accounts, and shifting what those menus are allowed to contain is a genuinely large change if it completes. The point is the distance between a signature and a menu option, and how much of the commentary collapses that distance to nothing.
It is also worth knowing why the process is slow, because the slowness is deliberate rather than incompetent. A plan fiduciary is personally liable under federal law for the choices on a menu, and the reason the old guidance discouraged alternative assets was that fees are higher, valuations are less frequent and liquidity is worse. Removing the discouragement does not remove the liability. Any employer adding these options is accepting a legal exposure it did not have before, and most will wait to see who goes first.
The practical test for any headline of this kind is one question: has a rule been finalised, and has your plan sponsor adopted it? If the answer to either is no, nothing has changed for you regardless of what was signed.
Worth adding for completeness: what people can already do inside an IRA is separate from all of this. Self-directed IRAs holding physical metals have been permitted for decades under section 408(m), with the purity, custodian and depository conditions we went through on Friday. That route existed before the order and is unaffected by it.
Tesla Put Cybercabs on Austin Streets. Forty-Five Are Registered.
Tesla unveiled the production Cybercab at an event in downtown Austin on Thursday. Two seats, gull-wing doors, no steering wheel, no pedals. Riders at the launch were the first members of the public to take one, and the rest opened to Austin users the following day.
It is a real milestone. Every previous Tesla robotaxi was a modified Model Y with the controls still fitted. This is the first vehicle the company built with no way for anyone inside to take over.
Now the registration records.
As of Wednesday night, Texas had 45 Cybercabs authorised for driverless operation, out of 420 vehicles registered for driverless operation in the state. None were registered in any other state, though Tesla’s Model Y robotaxis already run in Dallas, Houston, Miami, Orlando and Tampa. Service is limited to a defined area of Austin.
Set that against the language. Musk posted “A storm of Cybercabs”. Forty-five vehicles is not a storm; it is a pilot with a good camera crew. Both things can be true at once, and the registration database is the part that is checkable.
The same gap appears in Nevada, and this time Tesla supplied both numbers itself. The Nevada Transportation Authority cleared up to 8,000 driverless vehicles in Clark County over twelve months. Tesla received the largest allocation at around 5,000. Its Cybercab chief engineer then told regulators the company expects to field roughly 2,500 within the year, adding that the higher figure “has always been a ceiling for us”.
Waymo was cleared for up to 1,000, Uber for another 1,000 through its partnerships, Zoox for 100.
For anyone holding Tesla in an index fund without thinking about it — which is most people with a retirement account — the number that matters is not the launch. It is the ramp. Pilot production began at Giga Texas in February. The fleet has logged more than 380,000 unsupervised miles by the company’s own count. Those are real figures and they are small relative to what the share price assumes.
The pace is worth holding against the promise. Pilot production started in February and roughly seven months later there are 45 registered vehicles in one city. Musk himself cautioned that the initial ramp would be slow, which is the honest version and also the one that gets least attention.
There is also a technical bet inside this that the coverage tends to skip. Tesla runs cameras alone. Waymo, Zoox and most others use cameras plus radar plus lidar, on the argument that redundancy is what makes a driverless system safe. One approach is cheaper per vehicle and the other is more expensive. The next few years will settle which was right, and the answer matters more to shareholders than any launch event.
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Every Commission Business Has the Same Three Questions Behind It
A recurring category of offer describes an intermediary arrangement: connect two parties who need each other, take a cut, no capital required. Freight brokerage, insurance broking, commercial fuel supply and dozens of other real industries work exactly this way, so the shape is not fanciful.
What separates the real version from the pitch is answerable with three questions, and none of them requires knowing the industry.
Who pays the commission, and out of which budget? In a working brokerage, one side has an existing procurement line and the broker’s fee is either inside the spread or billed openly. If the answer is vague about who writes the cheque, the arrangement is not yet a business.
What licence or registration does this activity require? Many intermediary trades are regulated precisely because a middleman handling other people’s transactions creates a place for money to go missing. Insurance broking needs a licence in every state. Commodity intermediation can trigger CFTC registration depending on what is being arranged. “No licences needed” is a claim to verify with the regulator, not a feature.
Why is the incumbent not already doing it? Large buyers of any commodity employ procurement teams whose entire job is finding cheaper supply. If an arbitrage is visible to an outsider with an hour a day, the question is what stops the people with a hundred hours a week from closing it.
There is a fourth question worth adding for anything sold as a system rather than a job. Ask what the seller earns from. If the revenue comes from teaching the method rather than from running it, the incentives point at enrolment rather than at whether the method works — and that is true of legitimate training businesses as well as poor ones. It simply tells you which question the material was written to answer.
None of that means intermediary income is a fiction. It means the diligence is boring and specific, and it is the same diligence whether the product is jet fuel, freight or anything else.
The general rule worth keeping: any offer where the work is described but the counterparty is not has left out the part that determines whether it works.
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CPI Lands This Week and the Fed Still Has No Published Framework
This wk | August CPI. The number that now carries the September decision. |
15–16 | September — the Federal Open Market Committee meets. |
70% | the market’s odds of a rise, up from 35% three weeks ago. |
Friday’s employment report has landed and the case for a September move was never really being made on the labour side. It rests on prices, which puts this week’s inflation reading in an unusually decisive position.
Core PCE — the gauge the Fed actually targets, rather than the headline CPI most people see quoted — ran at 3.3% in July against 2.8% in February. The ten-year Treasury sits near 4.79%, its highest since early 2025, and the long end has been moving alongside the short end rather than shrugging as it did through August.
Warsh has published no reaction function and given no forward guidance, so there is no stated framework against which to test whatever the number says. The market will price its own interpretation in the minutes after the release, and that interpretation is what moves your bond fund.
ad Government bureaucracy moves slowly, but the weekly payment clock does not stop. Read the full executive briefing |
396 Days, One Proposed Rule, Zero Plans
396 | days since Executive Order 14330 was signed. The review closed, a rule was proposed in March, and no employer plan is yet required or generally able to offer these assets because of it. A signature and a menu option are separated by a great deal of process. |
Forget the hot picks — protect what you’ve already built, and check the registration records before you believe the announcement. Because the best trade you’ll ever make is the loss you never took. Mike LeeDeals CatchersThanks for reading. See you tomorrow. |
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