Tesla’s Robotaxi Fleet Has a Crash Rate Four Times Greater Than That of Human Drivers
Tesla’s Self-Driving Cars in Austin Facing High Crash Rates Data submitted to federal safety regulators reveals that Tesla’s self-driving vehicles in Austin, Texas, experience crashes at a rate four times higher than those driven by humans. This information was shared in a report from Tesla to the National Highway Traffic Safety Administration (NHTSA). The fleet, […]
Tesla’s Yearly Profits Fall 46% as Elon Musk Loses Lead in Global EV Sales
Tesla Faces Significant Profit Decline and Market Challenges Tesla recently shared a stark earnings report, revealing a 46% drop in profit compared to the previous year. This setback has cost the company its title as the leading electric vehicle (EV) seller in the world, indicating a tough period ahead for the electric car manufacturer. According […]
China to Prohibit Tesla’s Pop-out Door Handles Due to Safety Issues
China Bans Tesla’s Retractable Door Handles Over Safety Concerns China’s Ministry of Industry and Information Technology has announced a ban on retractable door handles, like those popularized by Tesla, in new cars sold in the country, due to safety risks that could leave occupants trapped during accidents or power failures. This follows a similar investigation […]
Tesla’s Optimus Robot Falls Unexpectedly During Demonstration
A recent Tesla demonstration in Miami showcased its humanoid robot, Optimus, experiencing a concerning fall that raised questions about its autonomy, especially as its hand movements seemed to indicate it was remotely controlled. During the Autonomy Visualized event this past weekend, Optimus was seen handing out water bottles when it unexpectedly lost its balance and […]
Elon Musk Acknowledges That Car Manufacturers Have Turned Down Tesla’s ‘Full Self-Driving’ Software
Elon Musk Admits Lack of Interest from Automakers in Tesla’s Self-Driving Tech Elon Musk recently acknowledged that no other vehicle manufacturers are looking to license Tesla’s “fully self-driving” (FSD) technology. This comes despite his earlier claims that discussions were happening and a deal was imminent. Meanwhile, the National Highway Traffic Safety Administration (NHTSA) is investigating […]
Coinbase follows Tesla’s lead by moving its headquarters from Delaware to Texas.
Coinbase Moves to Texas Coinbase, the well-known cryptocurrency exchange, is relocating its headquarters from Delaware to Texas, as revealed in a regulatory filing on Wednesday. This move underscores Texas’s emerging status as a hub for businesses looking for a more favorable environment. Texas is becoming increasingly appealing to corporate America, offering an attractive business climate […]
Head of Tesla’s Cybertruck project steps down after over eight years in another notable departure.
Tesla’s Cybertruck Leader Exits Following High-Profile Departures The head of Tesla’s Cybertruck division, Siddhant Awasthi, is leaving after more than eight years, marking another exit in a string of notable departures affecting the electric vehicle manufacturer. Awasthi announced his departure late Sunday. He initially joined Tesla as an intern but rose to lead the Cybertruck […]
Tesla’s Leadership in Question as Shareholders Decide on Elon Musk’s Billion-Dollar Compensation Plan
Tesla Shareholders to Vote on Musk’s $1 Trillion Pay Package Tesla’s shareholders are set to decide this week on a controversial $1 trillion compensation package for CEO Elon Musk, which could enhance his control over the company. Critics, including proxy advisory firm Institutional Shareholder Services (ISS), are urging a no vote on the proposal. The […]
Investigation launched by federal authorities into Tesla’s ‘Mad Max’ driver assistance feature
NHTSA Probes Tesla’s New ‘Mad Max’ Driver Assistance Mode The National Highway Traffic Safety Administration (NHTSA) announced on Friday that it has begun gathering information from Tesla regarding a new driver assistance feature dubbed “Mad Max,” which apparently allows for faster operation than existing modes. Drivers have taken to social media, sharing experiences that suggest […]
Tesla’s Earnings Call with Elon Musk Highlights Robots Solving ‘Poverty’ Rather than Selling Electric Vehicles
Tesla’s Earnings Call Sparks Investor Concerns Investors expressed disappointment with Tesla’s third-quarter earnings report, as CEO Elon Musk concentrated on futuristic ventures like robotaxis and humanoid robots. This left many wondering about the electric vehicle (EV) segment. During the earnings call, Musk dedicated much of his time to discussing Tesla’s ambitious plans. While he outlined […]