Cyngn shares fall 11.24% intraday as market skepticism grows over scalability of site-wide autonomy infrastructure and financial risks in transitioning to recurring software revenue.

Cyngn Inc. fell 11.24% intraday as concerns over its financial model overshadowed operational progress. Despite expanded deployments of its DriveMod Tugger across large industrial facilities and partnerships with NVIDIA to accelerate software development, the market reacted negatively to risks highlighted in recent analysis. The company faces challenges transitioning from hardware sales to recurring software revenue, with investors questioning its ability to scale profitability amid high integration costs and workforce adaptation hurdles. A recent 9.2% stock decline underscored skepticism about monetizing its site-wide autonomy infrastructure.