[Tesla's Cybercab update underwhelmed](https://www.cnbc.com/2026/09/04/teslas-stock-drops-as-cybercab-update-underwhelms-nhtsa-probe.html) Wall Street today, but I'm watching Lululemon crater harder than the stock's reaction merits. Strong jobs data should lift luxury retail—women added almost all August payroll gains—yet premium apparel is tanking. That's not a Cybercab problem.

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