Tesla's driverless robotaxis hit Austin streets
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The DMV said Tesla’s use of terms like “Autopilot” and “Full Self-Driving” to describe its advanced driver assist systems “is misleading and violates state law.” The agency ordered a 30-day suspension of Tesla’s license to sell cars in the state if Tesla does not fix marketing concerns surrounding the term “Autopilot” within a 60-day window.
Tesla shares closed at a record-high $489.88 on Tuesday, days after CEO Elon Musk announced the company had been testing driverless vehicles in Texas.
There’s been no dearth of sell signals for Tesla Inc. It’s facing a potential sales halt in California, an electric vehicle slowdown across the US and is losing market share in China and Europe.
The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.
Tesla and other automakers working on Level 2 and higher driving systems would be required to restrict their vehicles to specific road types or clearly defined operational domains under a new bill introduced today by Massachusetts Senator Ed Markey (D).
Compare the monthly cost of charging a Tesla to fueling a Nissan Armada and see which option saves you more money.
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Unemployment rate rises, Tesla's 2025 turnaround, Siri's AI upgrade and more in Morning Squawk
The iPhone maker has promised that it will launch the next generation of its AI voice assistant Siri sometime next year. The upgrade — which was originally scheduled for 2025 before being delayed in March — is seen as a chance for Apple to catch up to the likes of OpenAI, Google and their respective chatbots.