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Tesla Applies for Ride-Hail Permit in California — but There's a Catch

Tesla has applied for a permit with the California Public Utilities Commission to operate a transportation service in the state, a required first step if the automaker wants to eventually offer a robotaxi service there. The application for a transportation charter-party carrier permit was made by Tesla in November 2024 and is currently pending approval from the CPUC. This permit is distinct from those held by ride-hailing app companies Lyft and Uber, which use online-enabled applications to connect drivers with paying passengers.

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Tesla Kicks Off Approval Process for Robotaxi in California: Buy Now? Δ1.90

Tesla has taken a major step toward launching its long-anticipated autonomous ride-hailing service, filing for regulatory approval in California. It has applied for a transportation charter-party carrier permit from the California Public Utilities Commission, signaling its intent to own and operate a fleet of ride-sharing vehicles in the state. While Tesla’s initial rollout will involve human drivers, the ultimate goal is a driverless robotaxi network.

Regulatory Approval Required for Autonomous Driving Software Upgrades in China Δ1.76

China has introduced new regulations requiring regulatory approvals for autonomous driving-related over-the-air software upgrades, aiming to prevent automakers from using them to conceal defects or avoid liability. Under the new rules, electric vehicle makers such as Tesla and Xiaomi must obtain a license for product changes before resuming production of affected vehicles. The regulations also ban automakers from naming and marketing driving assistance systems with hints that they can be used as autonomous driving systems.

Tesla Signs Deal for First India Showroom to Sell Imported EVs Δ1.75

Tesla has signed a lease deal to open its first showroom in Mumbai, marking the company's move towards selling imported electric vehicles (EVs) in India, despite high tariffs that weigh heavily on the carmaker. The five-year lease agreement is valued at around $2.5 million, with rent increasing by 5% each year. The showroom will be situated in a prominent business and retail hub near Mumbai's airport.

Tesla (TSLA) Maintains “Buy” Rating as AI and Robotics Drive Growth Potential Δ1.74

Tesla, Inc. (NASDAQ:TSLA) is maintaining a "buy" rating from analysts despite the ongoing challenges in the EV market. The company's foray into AI and robotics is seen as a key driver of growth potential, with many experts predicting significant returns on investment. As investors continue to shift their focus towards software-driven innovation, Tesla's AI-focused initiatives are becoming increasingly attractive.

Waymo Is Now Available Exclusively on Uber in Austin Δ1.74

Waymo has launched its autonomous ride-hailing service exclusively on Uber in Austin, Texas, allowing residents to request fully driverless robotaxis through the Uber app. This partnership marks a significant shift from their previous rivalry, as both companies aim to accelerate the transition to autonomous vehicles while navigating operational limitations in service area and fleet size. The collaboration also highlights the evolving landscape of transportation technology, with Uber managing key aspects of fleet operations and Waymo focusing on vehicle testing and rider support.

Tesla Bringing Crucial Child Safety Feature to More Models Δ1.73

Tesla has begun rolling out an update to the Model Y that activates cabin radar, a technology that will soon be available in other models to facilitate child presence detection. This feature is designed to prevent tragic incidents of children being left unattended in vehicles, allowing the car to alert owners and even contact emergency services when a child is detected. With additional models like the Model 3 and Cybertruck set to receive this life-saving capability, Tesla is enhancing passenger safety by also improving airbag deployment via size classification.

Tesla's China Shipment Slump Signals Weakening Demand Δ1.73

Tesla's shipment data from China has plummeted, with February sales falling 49% compared to last year, amidst a broader trend of weaker demand for the electric vehicle maker. The country's consumer preferences have shifted towards electrified vehicles, while regulatory and data privacy concerns surrounding Tesla's Autopilot technology continue to affect its sales. This decline in Chinese sales is particularly concerning given that it is one of Tesla's largest sales regions.

Tesla Offers $1,100 Incentive in China as Sales Slump to Multi-Year Low Δ1.72

Tesla is slashing costs in China with an insurance subsidy of 8,000 yuan ($1,101.08) on Model 3 purchases to attract customers amid intense market competition eroding its EV share. The company has also offered a limited-time five-year, 0% interest financing plan for rear-wheel drive or long-range all-wheel drive models. Tesla's China-made shipments plummeted 49.2% year-over-year to 30,688 vehicles in February, the lowest monthly total since July 2022.

Tesla Superchargers Coming to Dozens of Steak ‘N Shake Locations Δ1.72

Tesla is planning to install dozens of Supercharger sites at Steak 'n Shake locations across the country, with over six sites already signed and more than 20 to come, potentially leading to 100 installations. The agreement was announced after a social media exchange between Elon Musk and Health Secretary Robert F. Kennedy Jr., who has made controversial claims about seed oils. Tesla's Supercharger network is expanding rapidly, but the company will not rely on federal funding for new locations due to a halted program.

The Electric Truck Start-Up That's Challenging Tesla's Dominance Δ1.72

Telo, a Silicon Valley company co-founded by autonomous driving expert Jason Marks and ex-Tesla battery engineer Forrest North, has launched an electric pickup truck that aims to challenge Tesla's dominance in the market. The MT1 features a compact footprint, yet boasts Toyota Tacoma levels of practicality and load-lugging ability, with a range of up to 350 miles and a towing capacity of up to 6,600lbs. With its prices starting at $41,520 for the single motor variant, Telo is positioning itself as a more accessible alternative to Tesla's Cybertruck.

Us Ev Charging Landscape Takes Shape as Industry Consolidates Δ1.72

The US electric vehicle (EV) charging market is experiencing a significant transformation, with industry leaders adopting standardized connectors and expanding their networks. Tesla's decision to open up its proprietary connector to other manufacturers has led to the widespread adoption of the North American Charging Standard (NACS), which aims to simplify the charging experience for EV drivers. However, despite this progress, challenges persist, including the need for more reliable infrastructure and the ongoing struggle between established players and new entrants in the market.

The Future of AI Regulation Takes Center Stage in California Δ1.72

The author of California's SB 1047 has introduced a new bill that could shake up Silicon Valley by protecting employees at leading AI labs and creating a public cloud computing cluster to develop AI for the public. This move aims to address concerns around massive AI systems posing existential risks to society, particularly in regards to catastrophic events such as cyberattacks or loss of life. The bill's provisions, including whistleblower protections and the establishment of CalCompute, aim to strike a balance between promoting AI innovation and ensuring accountability.

Stocks Making the Biggest Moves Pre-Market: Tesla, Southwest Airlines, Coinbase, Capri and More Δ1.72

Tesla's stock price is surging after a strong earnings report, with some analysts predicting that the company's electric vehicle sales will continue to drive growth. The company's focus on sustainable energy solutions has also been credited with its success in navigating the challenges of the rapidly changing automotive industry. As a result, investors are optimistic about Tesla's prospects for long-term growth.

BYD Pegs Tesla as an Ally in the Fight Against the Gas Engine as It's Ready to Share EV Technology Δ1.72

BYD is willing to share its electric vehicle (EV) and autonomous driving technologies with key rivals like Tesla, as long as that helps advance the self-driving electric vehicle cause. It started by giving away its Tesla FSD equivalent for free. BYD, which became the world's largest electric vehicle maker last quarter at the expense of Tesla, said that it is ready to share technology if that will help to advance the industry as a whole.

Tesla's Cybertruck Design Disaster Is Complete as Tesla Gets Desperate Δ1.71

The Cybertruck design disaster has culminated in a desperate bid by Tesla to boost sales, with the company offering discounted financing and creative marketing tactics to shift its unroadworthy electric SUV. Despite initial predictions of 500,000 units per year, estimates suggest around 40,000 vehicles will be sold in 2024, leaving many to wonder if Tesla's gamble has been a costly mistake. As the sales figures continue to plummet, it is clear that Elon Musk's personal transformation and controversies have not helped salvage the Cybertruck's reputation.

Tesla Reinstated as Top Pick; Analysts Predict 50% Upside Potential Δ1.71

Morgan Stanley has designated Tesla as its top automotive pick, projecting a price target of $430 that suggests a potential upside of over 50% for investors. The firm emphasizes Tesla's transition from traditional vehicle manufacturing to a broader focus on artificial intelligence and robotics, highlighting the substantial market growth opportunities in these sectors. Analysts believe that Tesla's innovations, particularly in humanoid robotics and energy solutions, position the company for significant long-term success despite projected declines in its Chinese market share.

Tesla's Sales in China Plummet Amid Smart EV Price War Δ1.71

Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Tesla sold 93,926 Chinese-made vehicles worldwide in the first two months, down 28.7% year-on-year. Chinese rival BYD recorded a 90.4% increase in passenger vehicle sales to 614,679 units last month.

Tesla's AI Stock Picks Under Pressure Amid Near-Term Headwinds Δ1.71

Tesla, Inc.'s (NASDAQ:TSLA) stock price target has been lowered by Baird, reflecting near-term headwinds in the automotive and energy sectors. The firm's analysts expect a decline in sales due to competition from established players and the company's focus on luxury products. Meanwhile, the AI-powered rally in Chinese equities could boost other markets as well, according to Goldman Sachs.

Tesla Settles Model Y Juniper Refresh Release Date Δ1.71

After the Model Y Juniper release date in China, Tesla is holding launch events in the US as well, while amassing production units at the Gigafactories in Texas and Fremont. The company has begun to send out invitations for a big Model Y Juniper facelift launch event in the US on Saturday, March 8, gathering influencers and automotive media personalities to deliver their cars in public. Tesla is doing an unprecedented Model Y vehicle production ramp in four global factories at once.

Tesla's China-Made EV Sales Fall to Lowest Since August 2022 Δ1.71

Tesla's sales of its China-made electric vehicles dropped significantly in February, with sales plummeting 49.2% from the same period last year. The drop is attributed to intense competition from Chinese rivals who have launched affordable smart EVs, including Tesla models. Despite this, Tesla remains a dominant brand in China, but its popularity is being challenged by newer models and emerging players.

China’s Geely Introduces New Smart Driving System. Δ1.71

Geely's introduction of the new G-Pilot smart driving system marks a significant step forward in autonomous vehicle technology, allowing for more efficient and safer transportation. The G-Pilot system will be integrated into cars under various brands, including Geely Auto, Galaxy, Lynk & Co, and Zeekr, with pricing starting at 149,800 yuan for the electric sedan Galaxy E8. This development is expected to enhance the driving experience and reduce the workload of human drivers.

How Uber's New Product Chief Is Gearing Up For Robotaxis Δ1.71

Uber's new chief product officer, Sachin Kansal, is preparing to integrate autonomous vehicles, including Waymo robotaxis, into the Uber app, a complex challenge that will test his well-known dogfooding strategy. His extensive firsthand experience with Uber's services positions him to address potential issues as the company partners with various autonomous technology firms to enhance its market presence. The launch of the "Waymo on Uber" service in Austin exemplifies a shift in Uber's approach to autonomous technology, emphasizing collaboration over in-house development amid ongoing controversies surrounding driver displacement.

Uber Users in Austin Are Getting Matched with Waymo Robotaxis Δ1.71

Uber users in Austin now have a choice between a Waymo robotaxi and a human driver. The two companies officially launched Tuesday the “Waymo on Uber” robotaxi service in Austin as part of a partnership that has deepened in recent months. Starting today, Uber users who hail a ride may be matched with a Waymo robotaxi.

Distillation Powers Ai Stocks to New Heights with Hedge Fund Support Δ1.71

Tesla, Inc. (NASDAQ:TSLA) stands at the forefront of the rapidly evolving AI industry, bolstered by strong analyst support and a unique distillation process that has democratized access to advanced AI models. This technology has enabled researchers and startups to create cutting-edge AI models at significantly reduced costs and timescales compared to traditional approaches. As the AI landscape continues to shift, Tesla's position as a leader in autonomous driving is poised to remain strong.

Tesla's AI and Robotics Efforts Get Top Pick Status From Morgan Stanley, Boosting Shares. Δ1.70

Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company's artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition. Industry data showed Tesla sales fell 45% in Europe in January while overall EV sales jumped 37% in the region.