A Wall Street analyst successfully completed an unassisted 94.7-mile drive from Manhattan to Connecticut using Tesla’s Full Self-Driving (FSD) technology, marking a significant advancement in autonomous driving capabilities and potentially impacting Tesla’s stock price.
A popular Tesla YouTuber, known as Dirty Tesla, has independently replicated a test by the safety advocacy group The Dawn Project, confirming that Tesla’s Full Self-Driving (FSD) software would indeed run down a child crossing the road. This confirmation comes after Tesla’s attempts to discredit The Dawn Project’s findings and its own supporters’ mixed results from similar tests.
The National Highway Traffic Safety Administration (NHTSA) has expressed concerns about Tesla’s promotion of its Full Self Driving (FSD) driver assistance system on social media, claiming it may mislead consumers about the technology’s capabilities. This comes amidst an ongoing investigation into Tesla vehicles involved in crashes while using FSD, including one fatal incident involving a pedestrian. The regulator has requested Tesla to clarify its communication regarding FSD and has set a deadline for the company to provide further information on crashes.
Tesla’s planned launch of Full Self-Driving (FSD) in China may face delays as the company awaits regulatory approval and grapples with data security concerns. While Tesla has expressed its commitment to launching FSD in China and Europe, the Chinese government is yet to grant permission for the feature’s introduction. Data security concerns have emerged as a significant barrier, prompting discussions about granting Tesla access to certain non-sensitive video data for system training.
A U.S. District Court judge dismissed a lawsuit against Tesla, ruling that shareholders failed to prove CEO Elon Musk misled investors regarding the company’s Full-Self Driving (FSD) technology. While the judge rejected claims of misrepresentation, investors have until October 30th to file an updated complaint. Despite this victory, Tesla faces ongoing lawsuits and federal investigations regarding its Autopilot and FSD systems. The company continues to expand its FSD technology with software updates, including deployment on the Cybertruck. Musk has also teased the possibility of an unsupervised robotaxi by the end of 2024.
Elon Musk, CEO of Tesla, believes that buses will become obsolete when his company’s full self-driving (FSD) technology matures. He argues that autonomous Tesla vehicles will offer point-to-point transportation at an affordable price, rivaling bus fares. Musk envisions a future where Tesla’s robotaxi fleet, operated like a combination of Airbnb and Uber, will dominate the transportation landscape.
Tesla shares are surging in pre-market trading, driven by the company’s roadmap for its Full Self-Driving (FSD) technology in Europe and China. The stock is also benefiting from its relative valuation strength compared to the broader market. Analysts are also noting positive technical trends for Tesla, suggesting potential for outperformance.
Tesla, known for its reliance on cameras for its Full Self-Driving system, was recently spotted testing a Model X equipped with LiDAR. This contradicts CEO Elon Musk’s previous statements against LiDAR technology. The sighting raises questions about Tesla’s approach to autonomous driving and the role of LiDAR in its future.
Tesla has announced a delay in the rollout of its full self-driving (FSD) driver assistance technology on its Cybertruck vehicles. The initial release of parking assistance features is scheduled for this week, with FSD expected to arrive in September. This marks a further delay from previous timelines set by CEO Elon Musk.
Tesla CEO Elon Musk’s recent visit to China to address obstacles hindering its Full Self-Driving (FSD) technology highlights his unwavering commitment to the company despite recent challenges, according to Adam Jonas, Morgan Stanley’s head of U.S. auto research. Jonas emphasizes that Musk’s presence in China transcends the pursuit of regulatory approvals and signifies his renewed focus on Tesla. Investors interpreted Musk’s visit and meeting with Premier Li Qiang as a positive sign, boosting Tesla’s stock by 14.4%. Jonas reiterates an overweight rating on Tesla shares with a $310 per share target, indicating substantial upside potential.
