TESLA
Tesla’s 'full self-driving' faces intensifying safety scrutiny
Tech analyst William Stein tested Tesla's 'Full Self-Driving' system three times and reported unsafe maneuvers, raising concerns about its safety. Federal regulators are scrutinizing Tesla's autonomous driving system after multiple crashes. Skepticism grows over Tesla's promise of a driverless fleet by next year.
Questions about the safety of Tesla's 'Full Self-Driving' system are growing
Tesla's "Full Self-Driving" system is under scrutiny following incidents where the technology performed unsafe maneuvers. Analyst William Stein's tests found the system lacking, and a fatal crash in Seattle has raised further concerns. Federal regulators are investigating the safety of Tesla's automated driving systems.
Tesla's rivals still can't use its superchargers
More than 12 months later, Tesla's network, with nearly 30,000 fast-charging plugs in the United States and Canada, remains largely inaccessible to most people who don't drive Teslas because of software delays and hardware shortages. Tesla built the Supercharger network to encourage sales of its vehicles. Tesla built the Supercharger network to promote sales of its cars. By opening up the network, Tesla can make money from drivers of other car brands, who pay per kilowatt-hour to charge.
China's robot makers chase Tesla to deliver humanoid workers
At the World Robot Conference this week in Beijing, over two dozen Chinese companies showed off humanoid robots designed to work in factories and warehouses, with even more displaying the made-in-China precision parts needed to build them. China's push into the emerging industry draws from the formula behind its initial EV drive more than a decade ago: government support, ruthless price competition from a wide field of new entrants and a deep supply chain.
Strange job: Elon Musk offering $100,000 for this role at Tesla
Elon Musk seems to go above and beyond to enhance the knowledge base for Tesla’s Optimus program. He is looking to hire someone to personate a robot to facilitate his initiative to create humanoids.
Ola Electric shares double in just 7 days, valuations now more expensive than Tesla
Ola Electric Share Price: Shares of Ola Electric soar 8% to a new peak of Rs 157.53 on the BSE, surpassing Tesla's valuation. The EV stock has surged 107% from its IPO price of Rs 76 in just 7 trading sessions. On Tuesday, 2.3 crore shares, or 0.5% equity, worth Rs 352.9 crore, changed hands at Rs 151 per share.
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Elon Musk 'willing to serve' after Donald Trump hints at cabinet post for Tesla CEO
Billionaire entrepreneur Elon Musk has expressed his willingness to serve in a cabinet role or advisory post if Donald Trump wins the presidential election. This willingness came after Republican candidate Trump hinted at such a possibility in a recent interview.
Donald Trump says open to naming Tesla CEO Elon Musk as an adviser; hints at ending EV tax credit
Republican presidential candidate Donald Trump stated on Monday that he would consider terminating a $7,500 tax credit for electric vehicle (EV) purchases if elected. He also mentioned being open to appointing Tesla CEO Elon Musk to a cabinet or advisory role, calling Musk a "very smart guy."
Court upholds $267 million legal fee award in Dell lawsuit
A Delaware trial court is weighing two other requests for huge legal fees, both in cases involving Tesla, and the ruling contained language that might be helpful for the carmaker's efforts to fight those fees. Plaintiffs in the Dell case alleged that they and other shareholders were short-changed in a controversial $23.9 billion transaction in 2018 that marked Dell's return as a publicly traded company.
Tesla is recalling more than 1.6 million cars in China for a remote software fix
Tesla will fix the problem through a remote software upgrade, the state administration for market regulation said. The recall notice said that an unlocked trunk lid could open during driving, interfering with the driver's vision. It did not say whether that had ever happened to any Tesla cars.
Tesla recalls 1.85 million US vehicles over unlatched hood issue
Tesla said it began investigating customer complaints of unprompted hood opening instances in certain Model 3 and Model Y vehicles in China in March, and initiated a latch hardware recovery and in-service vehicle inspection. The automaker said it has three reports of the issue in the United States but no reports of crashes or injuries related to the recall.
Elon Musk says robotaxis are Tesla's future, experts have doubts
Musk's vision of autonomous vehicles, or AVs, is not limited to cars that drive themselves. He has also claimed that individuals who buy Teslas would be able to make money when they are asleep or at work by letting the company use their cars as robotaxis. Experts who have studied autonomous driving systems have said that Musk has chosen a more difficult approach to self-driving cars than other companies.
Elon Musk says Tesla board to discuss $5 billion xAI investment
Earlier this week, Musk asked X users in a poll whether they agreed a deal was a good idea. After more than two-thirds of respondents voted affirmatively, the CEO said Thursday it looks like “the public is in favor” and that the EV maker would consider the matter.
STMicroelectronics cuts full-year outlook for second time
STMicroelectronics, whose clients include Tesla and Apple, said it expects revenue of $13.2 billion to $13.7 billion for 2024, down from a previous forecast of $14 billion to $15 billion.
Tesla reports profit drop on price cuts, lower vehicle sales
Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology. - Robotaxi - Tesla vowed to press on with technological pushes in artificial intelligence and autonomous driving.
Elon Musk launches poll asking if Tesla should invest $5 billion in xAI
Elon Musk's social media poll asks if Tesla should invest $5 billion in xAI, his AI startup competing with OpenAI and Google. 70.2% of 322,000 users support it as of 0234 GMT. Tesla, reporting its lowest profit margin in 5 years, cut prices to boost demand. $10B AI expenditure includes Nvidia hardware. xAI raised $6 billion.
Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus
Telsa CEO Elon Musk said the company would unveil its robotaxi on August 8 but signaled last week the automaker would take more time to incorporate a design change following a media report that the launch was delayed to October. The company could be years away from releasing a fully autonomous vehicle with regulatory approval, experts in self-driving cars and regulation have said.
Tesla to have humanoid robots for internal use next year, Musk says
Tesla CEO Elon Musk had said in April that the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year and could be ready for sale as soon as the end of 2025. Tesla put out the first generation of its Optimus robot, dubbed Bumblebee, in September 2022.
Elon Musk congratulates PM Modi on being most followed world leader on X
Earlier this week, when this milestone was reached, Modi said on X: "A hundred million on @X! Happy to be on this vibrant medium and cherish the discussion, debate, insights, people's blessings, constructive criticism and more."
How states are wooing Tesla’s component suppliers anticipating carmaker’s India entry
While the centre continues to woo Tesla, state governments including Gujarat and Tamil Nadu are luring the EV maker's suppliers. India is also gaining from a shift away from China by global manufacturers.
Elon Musk says he requested extra time for design change to Tesla robotaxi
Tesla CEO Elon Musk announces a delay for the robotaxi event to make an important design change. The event, originally set for August, is now expected in October. Musk has hinted at revealing more surprises during the event, boosting Tesla's stock by nearly 5%.
Tesla's UK lawsuit for 5G patents licence thrown out by UK court
London court rules in favor of InterDigital and Avanci, dismissing Tesla's bid for a patent license for 5G vehicles in the UK. Judge allows Tesla to continue claim to revoke three of InterDigital's patents. Legal battle ongoing.
Tesla to delay robotaxi launch: what you should know
Tesla has postponed the unveiling of its robotaxi design originally scheduled for August. On the social media platform X, Tesla's CEO Elon Musk stated that vehicles equipped with full self-driving "will achieve such a superhuman level that in the future, it will seem odd that humans ever drove cars, even when tired or under the influence."
Tesla plans to delay robotaxi event to build more prototypes
Tesla's robotaxi unveiling delayed to October. CEO Musk set August date but postponed for more prototypes. Internal announcement caused 8% stock drop. $257B added to market cap. FSD technology needing supervision spurs optimism despite sales slowdown. The project aligns with Musk's master plan, sidelining affordable cars. Bloomberg News revealed the delay.
Tesla investors to urge judge to reject record $7 billion legal fee in Elon Musk pay case
Tesla shareholders and CalPERS contest Richard Tornetta's $7 billion fee request overseen by Chancellor McCormick. Tornetta's win voided Musk's $56 billion pay, but Tesla argues it didn’t benefit. 1,500 letters submitted. Fee justified at 33%, references Dell Technologies case. Monday's hearing moved; billing rates start at $275/hour, with Tesla suggesting $13.6 million.
Tesla tells judge that shareholder vote should reverse Elon Musk's pay ruling
Tesla urges Delaware judge to recognize shareholders' vote supporting Elon Musk's $56B pay package, reverse voiding ruling, and reject $6B legal fee request by lawyers in lawsuit against Richard Tornetta.
Elon Musk says Tesla shareholders approved his $56 billion pay package
Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, Musk said on social media platform X on Wednesday, adding that passage was by wide margins. A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan.
Norway wealth fund to vote against Elon Musk's $56 billion Tesla pay package
Norway's wealth fund to vote on Musk's pay and directors' re-election at Tesla's annual meeting. The fund opposes Musk's $56 billion pay package, voided for being unfair to shareholders.
Short bets against Nvidia stand at $34 billion, S3 Partners says
Nvidia threatens to dethrone Microsoft as the world's most valuable company with outstanding short bets of $34 billion against it, while Apple and Tesla face lesser bets. Nvidia's stock surged 143% in 2024 due to high demand for its AI processors.
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