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Tesla now has to prove to government regulators that its Cybercab — which has no steering wheel or pedals — is legal to sell, and safe for the road.
Elon Musk’s latest post frames automation as the escape from national bankruptcy. But funding “universal high income” runs straight into the money question Bitcoin was built for.
Anthropic's Dario Amodei, OpenAI's and SpaceX's Elon Musk say they want an AI slowdown. Will they? The Fed looms as well.
Tesla’s Cybercab rollout started with just 45 vehicles in Austin, Texas as the NHTSA opened an investigation.
The upcoming initial public offerings (IPOs) of OpenAI and Anthropic may exacerbate the woes of already struggling stocks post-Labor Day, said strategists at Evercore ISI, spearheaded by Julian Emanuel. Evercore sees further upside for AI stocks but warns that upcoming...
The much-anticipated launch led to a share price plunge.
Federal investigators have opened an investigation into whether Tesla's (TSLA) new Cybercabs comply with federal safety standards, just as the company begins testing its service in Austin, Texas. Market Domination host Josh Lipton is joined by Tom Narayan, RBC Capital Markets lead equity analyst for global autos, to discuss if the investigation jeopardizes the rollout and how Tesla is also trying to avoid an "Apple Maps moment."
Tesla CEO Elon Musk said in a post on X on Friday that “Tesla IPO value was a thousandth of its current value.”
The agency is examining up to 1,000 Cybercabs for certification compliance
The commercial launch immediately became a test of whether Tesla's control-free vehicle satisfies existing safety standards.
Federal regulators opened an audit query Thursday into whether Tesla properly self-certified the Cybercab as compliant with federal safety standards
All three major US stock indexes were down on Friday after a strong August jobs report increased exp
On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk's effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards. - Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain's shares.
Tesla launched the Cybercab without asking a single regulator for permission, and now the federal government wants to know how that was even possible. The answer sits inside a legal gray zone that could decide the future of every driverless car on American roads.
The transportation agency is reviewing the new robotaxi’s design and compliance with safety standards.
The investigation was launched just a few hours after Tesla put the first production Cybercabs on the road in Austin.
Tesla (TSLA) Cybercab is under investigation by the US National Highway Traffic Safety Administratio
Tesla's (TSLA) internal engineering platforms may be accessed by an independent expert after an Aust
BEIJING, Aug 27 () - Chinese regulators on Thursday ordered automakers to file proactive recall plans for any defects uncovered in self-audits, as part of a year-long campaign to improve vehicle quality and safety in the world's largest auto market. Tesla and eight Chinese electric vehicle makers on August 21 announced fixes affecting a combined 4.
The software remedy may contain repair costs, but the recall reaches far beyond one quarter of deliveries.
Over 4 million vehicles are being recalled.
Everyone seems to have the same idea as Tesla these days. The latest example comes from Chinese EV maker XPeng Monday, it reported a second-quarter per-share loss of 10 cents from sales of $2.9 billion. Wall Street was looking for a 20-cent loss on $3 billion in sales.
Tesla Inc. is recalling 2.98 million vehicles in China, its largest recall ever in the country, because passengers may be unable to find and use the emergency door releases after a crash cuts power. Bloomberg has identified at least 15...
Millions of vehicles need software fixes tied to safety concerns.
Tesla Inc. (NASDAQ:TSLA) is recalling 2.98 million vehicles in China, its largest recall ever in the country, because passengers may be unable to find and use the emergency door releases after a crash cuts power. Bloomberg has identified at least...
Stellantis stock tumbled to a new low on Monday after it announced a recall of almost 1 million vehicles worldwide. The recall is a software issue in the radio systems of Jeep, Dodge and Chrysler brand cars. The glitch interferes with their rear view cameras, the company said, but will be fixed via an over-the-air software update.