Tesla

The road safety regulator has the power to order recalls, and its investigation could force the electric carmaker's chief executive, Elon Musk, to come up ...

The agency is also planning to release data in the coming weeks about crashes involving automated-driving features roughly a year after it issued a standing general order for automakers to begin sharing information. The regulator has the power to order recalls, and its investigation could lead chief executive Elon Musk to come up with better safeguards against driver inattentiveness or ways to restrict autopilot from being used in situations it cannot handle safely. Since opening the inquiry almost 10 months ago, NHTSA has reviewed a much broader set of collisions beyond Teslas running into fire engines and police cars.

The selloff in Tesla shares this year presents an “attractive entry point” for investors.

Even if Musk does slash some of Tesla’s workforce, UBS says it “doesn’t change” the long-term growth outlook, while analysts at Goldman Sachs called the news “incrementally negative.” Analysts at CFRA, meanwhile, say Musk simply “wants to get ahead of the curve in terms of a slowdown across the highly cyclical auto industry.” “The market still underestimates how much better Tesla will fare versus competitors in terms of growth & profitability.” “We expect Tesla’s vertical integration in semiconductors, software and battery to result in superior absolute growth and profitability in the years ahead.” Tesla’s operational momentum is another cause for optimism, he says, pointing to high order backlogs and two new gigafactories in Germany and Texas that have helped ramp up production further.

NHTSA will take a broad look at whether the electric carmaker's driver-assistance system can increase the risk of crashes.

About a quarter of the 106 occurred on roads where Autopilot is not supposed to be used. Of those, the agency first focused on 191, and eliminated 85 from further scrutiny because it could not obtain enough information to get a clear picture if Autopilot was a major cause. Owner manuals tell drivers to keep their hands on the steering wheel and their eyes on the road, but early versions of the system allowed drivers to keep their hands off the wheel for five minutes or more under certain conditions. In an engineering analysis, NHTSA’s Office of Defects Investigation sometimes acquires vehicles it is examining and arranges testing to try to identify flaws and replicate problems they can cause. NHTSA aims to complete the analysis within a year. Tesla tells drivers to use Autopilot only on divided highways, but the system can be activated on any streets that have lines down the middle. NHTSA investigated that crash and in 2017 said it had found no safety defect in Autopilot. The agency will look at Autopilot and its various component systems that handle steering, braking and other driving tasks, and a more advanced system that Tesla calls Full Self-Driving. Tesla says the Full Self-Driving software can guide a car on city streets but does not make it fully autonomous and requires drivers to remain attentive. NHTSA has said it is aware of 35 crashes that occurred while Autopilot was activated, including nine that resulted in the deaths of 14 people. In that review, NHTSA said Thursday, the agency became aware of 191 crashes — not limited to ones involving emergency vehicles — that warranted closer investigation. Competing systems developed by General Motors and Ford Motor use infrared cameras that closely track the driver’s eyes and sound warning chimes if a driver looks away from the road for more than two or three seconds.

Tesla is aiming to make more than 71000 vehicles at its Shanghai plant in June, according to an internal production memo seen by Reuters.

But Musk more recently has been warning about the risks of a recession. The U.S. automaker is aiming to make more than 71,000 vehicles at its Shanghai plant in June, according to an internal production memo seen by Reuters. - The U.S. automaker is aiming to make more than 71,000 vehicles at its Shanghai plant in June, according to an internal production memo seen by Reuters. In the first three months of the year, Tesla Shanghai manufactured 178,887 cars, according to the CPCA. - In the first three months of the year, Tesla Shanghai manufactured 178,887 cars, according to the CPCA. - Production at Tesla's Shanghai factory is on track to fall by over a third this quarter from the first quarter of the year.

Regulators to look with enhanced scrutiny after cars with driver-assistance function crashed into parked emergency vehicles.

The NTSB recommended that Tesla develop safeguards that would not allow drivers to use vehicles in ways inconsistent with its design. In documents posted to its website, NHTSA said forensic data indicates that the majority of the drivers had their hands on the steering wheel before impact and were complying with the system as it was designed to be used. The agency has asked Tesla for more information about its awareness of the issue.

A number of examples of the long-awaited Tesla Model Y electric SUV have been spotted on car-carriers and some local showrooms. Is Australian pricing about ...

Check back with Drive for the latest information on the Tesla Model Y in Australia. The leaked prices were not confirmed by Tesla and it is possible the company could increase the price of the Tesla Model Y due to unprecedented demand and a rise in production and shipping costs. Australian pricing for the 2023 Tesla Model Y is expected to be just around the corner after a number of vehicles were spotted locally on car carriers and in some showrooms.

Now is a good time to consider buying shares in Tesla (NASDAQ: TSLA), according to one investment bank.

Hummel argued that Tesla's sagging stock price belies the strength of its business and intriguing expansion potential. Some investors find that valuation reasonable, and they're buying Tesla's shares today. Tesla's swoon coincided with a broader decline in the stock market. Yet Hummel thinks Tesla is poised to rebound. Coronavirus-related production challenges added to Tesla's troubles. By market close, however, Tesla shares followed the market lower and closed the session 0.89% down.

The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830000 Tesla vehicles with its advanced driver ...

Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com The agency also reviewed 106 reported Autopilot crashes and said in approximately half, "indications existed that the driver was insufficiently responsive to the needs of the dynamic driving task." NHTSA said the upgrade is "to extend the existing crash analysis, evaluate additional data sets, perform vehicle evaluations, and to explore the degree to which Autopilot and associated Tesla systems may exacerbate human factors or behavioral safety risks by undermining the effectiveness of the driver’s supervision." The auto safety agency in August opened a preliminary evaluation to assess the performance of the system in 765,000 vehicles after about a dozen crashes in which Tesla vehicles struck stopped emergency vehicles -- and said Thursday it had identified six additional crashes.

Federal regulators are expanding their examination of Autopilot's role in crashes with parked emergency vehicles.

Tesla last year issued a remote software update to better detect emergency vehicles in low light. The probe encompasses approximately 830,000 vehicles dating back to model year 2014, spanning Tesla’s current range of models. The agency began evaluating the issue in August 2021, following nearly a dozen crashes under similar circumstances, which included stationary emergency vehicles such as ambulances and police cruisers, some in low-light conditions.

Dig into the fine print though, and it's actually more than a mere $150 over the EV rebate thresholds in NSW and Victoria.

“The dutiable value of a vehicle is the total amount paid (including GST) for the vehicle, which includes delivery costs, accessories and options added to the vehicle… The fine print for the NSW and Victorian $3000 rebates at least state clearly the dutiable amount on which the threshold is applied includes delivery costs. At first, we thought this was tantalisingly close to the $3000 rebate threshold in Victoria ($68,740 or under), or New South Wales and South Australia ($68,750 or under).

The Tesla Model Y electric crossover has finally gone on sale in Australia, after a long two year wait. Specs confirmed.

Its pricing places it well below the $79,659 fuel efficient vehicles threshold for the federal luxury car tax. It also has higher seating and so is easier to get in and out of. The Model Y has been on sale in the US since March 2020, a year after its initial unveiling. This has a 250km/h peak speed, 21′′ Überturbine wheels, performance brakes, reduced suspension, and aluminium alloy pedals. Those opting for the Performance version are being told of deliveries between November and February. It was originally thought it would go on sale in Australia in 2021, however, this did not eventuate.

Here it is! After an unexplained delay late last year, the world's most popular electric vehicle is now on sale Down Under.

- Model Y Performance – $98,599 - Heated front and rear seats - Model Y rear-wheel drive – $68,900 - 2022 Tesla Model Y pricing and specifications The 2022 Tesla Model Y electric SUV is now on sale in Australia. 2022 Tesla Model Y price and specs: Electric SUV now on sale in Australia

Teslas with partially automated driving systems are a step closer to being recalled after the United States elevates its investigation into a series of ...

"This is established fact that people can look engaged and not be engaged. This suggests that drivers are complying with Tesla's monitoring system, but it does not make sure they are paying attention. The agency will have to decide if there is a safety defect with Autopilot before pursuing a recall. The agency found it was being used in areas where its capabilities were limited, and many drivers were not taking action to avoid crashes despite warnings from the vehicle. - The agency will have to decide if there is a safety defect with Autopilot before pursuing a recall - The NHTSA found Autopilot was being used in areas where its capabilities were limited, and drivers were not taking action to avoid crashes despite warnings

The Tesla Model Y electric crossover has finally gone on sale in Australia, after a long two year wait. Specs confirmed.

It was originally thought it would go on sale in Australia in 2021, however, this did not eventuate. The Model Y has been on sale in the US since March 2020, a year after its initial unveiling. First deliveries are expected within the next few months.

Tesla produced 33,544 cars at its Shanghai plant last month, up from 10,757 in April. (Bloomberg) — Tesla Inc. staged a remarkable production rebound in China ...

The U.S.-based electric vehicle giant produced 33,544 cars at its Shanghai plant last month, up from 10,757 in April, the China Passenger Car Association (CPCA) reported Thursday. Shipments totaled 32,165 units, including 22,340 cars exported to Europe and the rest of Asia and 9,825 sold to domestic buyers. (Bloomberg) — Tesla Inc. staged a remarkable production rebound in China as May output more than tripled even though the electric-car maker only recently got its Shanghai factory back up to speed following the city’s Covid lockdowns. Tesla’s China Factory Roars Back With Output Tripling

Production at Tesla's Shanghai plant was badly hit after the Chinese commercial hub began a two-month Covid-19 lockdown late in March.

Production at Tesla's Shanghai plant was badly hit after the Chinese commercial hub began a two-month Covid-19 lockdown late in March. - Production at Tesla's Shanghai plant was badly hit after the Chinese commercial hub began a two-month Covid-19 lockdown late in March. - Tesla has canceled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.

Earnings will be hurt more than currently expected after Covid-19 lockdowns hampered production.

Barclays noted that deliveries of electric cars are likely to come in below expectations in the second quarter after its factory in China was hobbled by Covid lockdowns, something that was already clear after release from Nio (NIO), Xpeng (XPEV), and Li Auto (LI). The problem for Tesla is that its China factory generates higher margins than its other... Tesla has a China problem that will show up in its earnings next month, and Barclays is the latest investment bank to try to estimate the damage from China’s Covid lockdowns. Tesla Has a China Problem. The Question Is How Big.

Despite a sharp improvement in production of NEVs from its Shanghai plant in May, Tesla has had to cede market leadership in China for a third straight ...

Both car production and sales should increase more than 10% in June versus 2021. SQM Chief Executive Ricardo Ramos had said in March the company hoped to hit production capacity of 180,000 tonnes of lithium in 2022 and the company said in its report that this year’s sales were now forecast expected to surpass 140,000 metric tonnes. The jump came on the back of a 59% surge in lithium sales volume and near seven-fold rise in prices, thanks to the global push towards electric vehicles. Chile’s SQM is a global lithium major and it has just revealed a massive, near twelve-fold rise in quarterly profit thanks to the soaring prices for the metal. The Association said the improvement by Tesla and BYD (a bit smaller than Tesla’s) came as NEV sales in China leapt more than 90% from depressed April to 360,000 units in May. BYD Co, the automaker backed by Warren Buffett, led NEV sales with 114,183 units, up from just over 105,000 in April and just over 104,000 in March. It is the first time ever BYD has seen NEV sales of 100,000 or more for three consecutive months.

But we are more interested in the impact of the new battery cell and structural battery pack. Unfortunately, no one has been able to confirm the exact energy ...

After first launching the Model 3 and Model Y with the then-new 2170 cells, Tesla pushed several software updates over time that enabled higher charge rates. When breaking it down, the 4680 battery cell actually appears to have at least a 10% higher peak C rate and average C rate. We learned a little more over the next few weeks.

The National Highway Traffic Safety Administration (NHTSA) launched its probe in August 2021 after identifying over a dozen crashes. The 16 collisions took ...

"On average, in these crashes, autopilot aborted vehicle control less than one second before the first impact," they stated. The function uses artificial intelligence to help drivers navigate the road and detect other vehicles. The National Highway Traffic Safety Administration ( NHTSA) launched its probe in August 2021 after identifying over a dozen crashes.

Traffic safety officials escalate and widen probe to 830000 Tesla cars as they discover patterns suggesting Tesla's Autopilot feature can encourage ...

The NHTSA has upgraded its investigation of Tesla Autopilot crashes into emergency vehicles to an engineering analysis. Here's what that means.

In these incidents Tesla vehicles frequently decelerate rapidly on highways, increasing the risk of a crash from behind. Where incident video was available, the approach to the first responder scene would have been visible to the driver an average of 8 seconds leading up to impact," the agency noted. Last summer the National Highway Traffic Safety Administration launched an investigation into Tesla's Autopilot driver-assist system, following a string of Tesla crashes into the backs of parked emergency vehicles.

A Canadian nonprofit is urging Tesla Inc. to respect its workers' right to form unions, setting up a likely shareholder vote on a topic that has drawn the ...

Tesla plans a 3-for-1 stock split, and Elon Musk now holds 23.5% of shares.

In its 2022 proxy filing, the electric vehicle and renewable energy business, also revealed that board member Larry Ellison currently owns 1.5% of Tesla shares. A stock split is cosmetic and could mean that smaller investors feel they can afford the stock, but those investors are minuscule compared to major institutions. "We believe the Stock Split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity."

The National Highway Traffic Safety Administration on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver ...

The agency also reviewed 106 reported Autopilot crashes and said in approximately half, “indications existed that the driver was insufficiently responsive to the needs of the dynamic driving task.” A NHTSA spokesperson said advanced driving assistance features can promote safety “by helping drivers avoid crashes and mitigate the severity of crashes that occur, but as with all technologies and equipment on motor vehicles, drivers must use them correctly and responsibly.” NHTSA said its analysis indicated that Forward Collision Warnings activated in the majority of incidents just prior to impact and that subsequent Automatic Emergency Braking intervened in approximately half of the crashes. NHTSA said the upgrade is “to extend the existing crash analysis, evaluate additional data sets, perform vehicle evaluations, and to explore the degree to which Autopilot and associated Tesla systems may exacerbate human factors or behavioral safety risks by undermining the effectiveness of the driver’s supervision.” In 2020, the National Transportation Safety Board criticized Tesla’s “ineffective monitoring of driver engagement” after a 2018 fatal Autopilot crash and said NHTSA had provided “scant oversight.” The auto safety agency in August opened a preliminary evaluation to assess the performance of the system in 765,000 vehicles after about a dozen crashes in which Tesla vehicles struck stopped emergency vehicles — and said Thursday it had identified six additional crashes.

Drive along American roads and all you see are gasoline-powered sport utility vehicles and pick-up trucks. Sedans are a rarity and electrics even more so.

All told, the cost of ownership is high and goes beyond the price of the car. It requires policy focus and the introduction of clear steps to address the worries. The US is working to get companies on board to expand things like EV charging networks and has just started breaking ground on facilities for battery and green car production. Thoughtful functions and innovations include a blindspot sensor on sideview mirrors to help change lanes, easy gear-switching, an extra row of seats that don’t make the car feel too large and a well-integrated interface like Apple CarPlay or Android Auto. They are now basic in new cars and, I’d say, cooler and more useful than Tesla Inc’s dance and celebration mode. Trouble is, internal combustion-engine vehicles are getting more consumer-friendly and cleaner than they were in the past. And, of course, you can celebrate that you’ve joined the ranks of more climate-change aware consumers.

Tesla is asking shareholders to approve a three-way stock split to reduce the price of its shares and help bring in more retail investors.

Instead, the board will reduce its number of seats from eight to seven. If the stock split goes into effect, Tesla shareholders would receive two additional shares of common stock on that date. But at prices that high, it’s difficult for individuals — especially retail traders using platforms like Robinhood — to own more than fractional shares of the company.

Companies split their stocks for numerous reasons: Splits can put their stock within the reach of smaller, individual investors. It helps companies gain ...

But one company with an alarmingly high stock price has never split and said it never would: Berkshire Hathaway ( BRKA) But Tesla, in particular, has struggled this year in part because of CEO Elon Musk's attempt to leverage his massive Tesla stake to purchase Twitter. The growth of zero-fee trading apps, including Robinhood, E-Trade and others, have made stock splits much more important in recent years. , for example, announced a 7-for-1 stock split in 2014 and got included in the Dow in 2015. Friday. "In addition, as retail investors have expressed a high level of interest in investing in our stock, we believe the stock split will also make our common stock more accessible to our retail shareholders." "We believe the stock split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, may help maximize stockholder value," Tesla said in a regulatory filing

Electric-vehicle maker Tesla Inc on Friday proposed a stock split at a three-to-one ratio in the form of a stock dividend, according to a regulatory filing.

If approved, directors' terms would be staggered over two years. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Today, as part of the release of its prospectus for its 2022 annual shareholder meeting, Tesla announced that it is going with a three-for-one stock split – ...

Today, Tesla’s stock trades at around $700 per share and a market capitalization of $720 billion. In addition, as retail investors have expressed a high level of interest in investing in our stock, we believe the Stock Split will also make our common stock more accessible to our retail shareholders. We believe the Stock Split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, may help maximize stockholder value.

Tesla said it believes the split will "help reset the market price" of shares and help make them more accessible to retail investors.

Some experts argue that though stock splits are largely symbolic, lower stock prices make shares more affordable to a wider group of investors. In February, Google parent Alphabet announced a 20:1 stock split, and in July 2020, Apple announced a 4-for-1 split. "From what we’ve seen in the market with Tesla and Nvidia, people like to chase splits,” portfolio manager David Wagner of Aptus Capital Advisors recently told Forbes, referring to an over 70% run-up in Tesla share prices in the 20 days between announcing and completing its last stock split.

Tesla Files to Split Shares 3-for-1 as Investors Bail on Stock · Move comes as electric-vehicle maker shares fall 34% in 2022 · Company says Larry Ellison will ...

The stock briefly jumped 2.2% in postmarket trading on the news, but pared some of the gains to trade up 0.9% at 5:38 pm. The proposed split in the form of a dividend comes amid a sharp selloff in Tesla, which saw its shares underperform broad markets.

Tesla shareholders will vote on the split at the company's annual meeting in August. The electric-car maker also said Larry Ellison will leave its board.

The electric-vehicle maker first announced its plan for a stock split on March 28 via a tweet that lacked further details. Ellison, the eleventh richest person in the world worth about $US87 billion, originally made his fortune as the co-founder of the software company Oracle, and first joined Tesla’s board in December 2018. The proposed split in the form of a dividend comes amid a sharp sell-off in Tesla, which saw its shares underperform broad markets.

It also said that retail investors “have expressed a high level of interest in investing in our stock”, and that a split would make the shares “more accessible” ...