Elon Musk’s and Tesla’s lies about the readiness of actual full self-driving cars is starting to catch up with them. A judge has just rejected the Austin, Texas-based automaker’s bid to dismiss a lawsuit that the company misled owners – tricking them into believing their vehicles would soon have self-driving capabilities. This is not to … Read more
The National Highway Traffic Safety Administration opened a preliminary investigation on Monday into Waymo and incidents involving its driverless vehicles. The probe comes after footage of a Waymo robotaxi driving in the oncoming lane to avoid unicyclists on a San Francisco street went viral. The general public has seemingly had it with self-driving cars, considering … Read more
So folks, it’s looking like U.S. prosecutors’ probe into Tesla and Autopilot will be going well beyond whether the systems actually work or not. Regulators are now looking to see if Elon Musk and Tesla committed securities or wire fraud by misleading investors and customers about the self-driving capabilities of their cars, according to Reuters. … Read more
Tesla had its Q1 earnings call last night, right after releasing news that its profits last quarter fell 55 percent. Not only is that loss a big drop on its own, but it’s also significantly higher than the 40-percent drop that analysts had estimated ahead of the announcement. Instead of making that the main topic … Read more
Good morning! It’s Wednesday, April 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Profits Drop 55 Percent Tesla doesn’t seem … Read more
Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla … Read more
Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, reinspire their confidence in the company’s continued ability to generate returns. Why Tesla stock might not be a buy … Read more
Photo: Tesla Tesla launched the newest iteration of its Model 3 Performance Tuesday, just in time for what promises to be a tense Q1 earning call. First, the car; the automaker claims it’s the most powerful electric sedan it has ever produced, boasting an advertised 163 mph top speed and a 2.9 second 0-to-60 mph … Read more
Good morning! It’s Monday, April 22, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Chaos At Tesla 2024 has not been kind … Read more
Tesla owners are understandably peeved about the newest update (version 12.3.4) to the so-called Full Self Driving suite of driver assist features. It would seem that Tesla’s camera-only driving system is having a hard time figuring out curbs. As InsideEVs pointed out, some owners are taking to social media to voice their displeasure that their … Read more
