Regulators raise concerns ahead of approval
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Regulators raise concerns ahead of approval

<body><p>STORY: Tesla CEO Elon Musk has projected confidence that the EU will soon green-light the carmaker's "Full Self-Driving" system.</p><p>But emails from some European regulators show marked skepticism toward the tech...</p><p>and its stated safety benefits.</p><p>Tesla's FSD technology was cleared by the Dutch road regulator RDW in April.</p><p>RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday.</p><p>Tesla has a lot riding on FSD approval in Europe, where it is trying to regain market share.</p><p>The EV maker charges a monthly subscription for FSD, which can drive itself under certain circumstances...</p><p>but requires the driver to be fully attentive at all times.</p><p>But in previously unreported email correspondence, regulators in the Netherlands, Sweden, Finland, Denmark and Norway - who could prove critical to Musk's approval push - have raised a number of concerns over the technology.</p><p>Those include the system's tendency to speed, whether it is safe to use on icy roads...</p><p>and drivers' ability to circumvent features designed to prevent cell-phone use.</p><p>That's according to the emails, which were seen by Reuters through public records requests.</p><p>They also expressed frustration with Tesla's strategy of publicly encouraging vehicle owners to pressure regulators to approve FSD.</p><p>The EU committee will hear on Tuesday from Dutch officials about why they approved Tesla's FSD.</p><p>Tesla did not respond to requests for comment.</p><p>For FSD to be approved, committee members representing 55% of EU member states and 65% of the bloc's population must vote "yes."</p><p>There is no vote scheduled on FSD this week.</p><p>And the next committee meetings are expected in July and October.</p></body>
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Tesla CEO Elon Musk hopes that FSD will advance to unsupervised autonomous driving by the end of the year. Achieving that would be a catalyst for Tesla stock, demonstrating that widespread use of truly self-driving cars is just around the corner. Musk missed the deadline by 11 days, potentially costing former Twitter holders money.
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Tesla's (TSLA) full self-driving system could be facing skepticism from European regulators toward t

<body><p>STORY: Elon Musk has settled a U.S. Securities and Exchange Commission lawsuit against him for a $1.5 million fine.</p><p>The suit accuses the world's richest person of waiting too long in 2022 to disclose his initial purchases of shares in Twitter, now known as X.</p><p>Under the settlement disclosed Monday, a trust in Musk's name will pay the fine.</p><p>The Tesla chief did not admit wrongdoing, and won't have to give up any of the $150 million he allegedly saved from the delay.</p><p>Now the settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk's bid to dismiss the case.</p><p>The SEC declined to comment.</p><p>In its lawsuit, the regulator said Musk's 11-day delay in revealing his initial 5% Twitter stake let him buy more than $500 million of shares at artificially low prices, before he finally revealed a 9.2% stake.</p><p>Musk called the delay inadvertent, and accused the SEC of violating his free speech rights by targeting him.</p><p>The case is separate from a civil suit where a San Francisco jury in March held Musk liable for having defrauded Twitter shareholders after announcing the buyout.</p></body>
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday.
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Tesla stock is in a rut as investors await more progress on artificial-intelligence businesses such as robo-taxis and robots. With shares struggling to regain $400, stock options might be a better bet. Susquehanna derivatives analyst Christopher Jacobson screened for stocks in which a pick-up in volatility could move stock options prices.
Tellus Power has introduced the Nexus Megawatt Charging System (MCS), a high-power distributed charging platform aimed at fleet and commercial applications, amid the expanding need for robust electrification infrastructure. Capable of delivering between 600 kW and 1.2 MW of power output, the system supports multiple charging standards, thereby facilitating energy management across large-scale sites. As electrification of transport scales, particularly with autonomous and heavy-duty vehicles,...