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☆ Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.

Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana

☆ The stock market is loving Trump’s return. The bond market has some concerns though
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.

Persons: Donald Trump, Trump, shockwaves, ”, David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, “, Kotok, it’s, ” Kotok, They’re, Freddie Mac, ‘, Ed Yardeni, Yardeni, It’s, ’, BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington

For some who’ve run afoul of Trump, the election results have sparked fresh worries that he may enter office looking for retribution. During the campaign, Trump has made different statements about whether he might target people who’ve upset him. Rep. Jim Jordan, a staunch Trump ally in Congress, said he doesn’t expect any of the prosecutors to face reprisals over Trump investigations. One former Trump White House official who has publicly spoken against Trump described feeling “scared” and declined to let their name be used. Now Fanone says he is hunkering down in his Virginia mountain-area home for fear that Trump could weaponize the police.

Persons: WASHINGTON, Olivia Troye, Trump, “ I’m, I’ll, ” Troye, “, He’s, he’s, he’ll, Joe Biden, Biden, ”, haven’t, Nancy Pelosi, Adam Schiff, Jack Smith, Smith, Jim Jordan, ” Jordan, Richard Nixon, ” Nixon, Mark Zaid, ” Zaid, Michael Cohen, Cohen, Alvin Hellerstein, who’ve, yank, JD Vance, Joe Biden’s, Hunter, Vance, podcaster Joe Rogan, ” Larry Pfeiffer, won’t, aren’t, ” Trump, Schiff, Pelosi, Dan Goldman, Trump’s, ” It’s, it’s, Michael Fanone, Fanone, “ I’ll, Hunter Biden, what’s, “ We’re, they’re, John Bolton, Bolton, Ronald Reagan’s, I’m, Susie Wiles, Pat Summerall, Jared Moskowitz, Aquilino, ” Gonell, Kamala Harris, Gonell Organizations: Trump, Democratic, White, Fox News, Sunday, CNN, Washington, CIA, Los Angeles Times, New York Democrat, Joe Biden weaponized, Department of Justice, Justice, Trump White House, D.C, Washington Post, Justice Department, NFL, ”, U.S . Capitol, Capitol Locations: United States, America, California, Manhattan, U.S, Virginia

☆ Tesla's social media posts falsely implied that its cars are robotaxis, NHTSA warns
▼ + stars: | 2024-11-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

The NHTSA is investigating possible safety defects in Tesla's FSD option, a partially automated driving system. In one instance, a Tesla driver using FSD fatally struck a pedestrian. Magno referred to an array of posts shared by Tesla on X, the social network owned by Tesla CEO Elon Musk. One post showed a driver using FSD to go to a hospital while enduring a possible heart attack. In the posts, Tesla suggested there are "advantages to using FSD while inebriated" or while fatigued, Magno wrote.

Persons: Elon Musk, Tesla, Gregory Magno, Magno, Donald Trump's, Elon Organizations: National, Traffic Safety Administration, NHTSA, Tesla, Trump Locations: Los Angeles , California, U.S

☆ How Trump broke both parties — and where Democrats go from here: From the Politics Desk
▼ + stars: | 2024-11-07 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, senior national political reporter Jonathan Allen explains why Democrats need to retool their economic message during Donald Trump's second term. Plus, senior national politics reporter Matt Dixon writes that the battle to succeed Trump in four years is already underway. How Trump broke both parties — and where Democrats go from hereBy Jonathan AllenOver the course of the last decade, President-elect Donald Trump broke both national political parties. Before Trump, Democrats nominated — and the country twice elected — Barack Obama, a candidate who ran against leaders that walked the country into forever wars and a finance-and-housing crisis that nearly toppled the economy. Harris’ economic policy offerings were largely expansions of Biden proposals, such as more generous homebuyer and child tax credits than he called for.

Persons: Jonathan Allen, Donald Trump's, Matt Dixon, Trump, Kristen Welker, Donald Trump, Joe Biden’s, —, — Barack Obama, Cheney, Trump’s, Ronald Reagan, Sen, Bernie Sanders, Biden, Kamala Harris, Harris, Bill Buckner, omez Organizations: NBC, White House, Capitol, Democratic Party, Trump, Democratic, Democrats, District of Columbia, Republican Party Locations: Minnesota

CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ How atheist chaplains provide spiritual care for nonbelievers
▼ + stars: | 2024-11-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +12 min

In these conversations with patients who are wary of religion, Callahan slips in another detail: He’s an atheist himself. Callahan is one of a growing number of openly atheist chaplains working in institutions around the country. Though the term “atheist chaplain” might sound like an oxymoron, he doesn’t see a contradiction between his beliefs and the work of tending to the human spirit. Other atheist chaplains don’t shy away from religion at all, instead helping people explore faith and spirituality in nontraditional ways. There may be few atheist and nonreligious chaplains right now, but as Callahan sees it, their numbers only stand to grow.

Persons: Jason Callahan, Callahan, —, nonbeliever, ”, David, Muhammad Ali, Malcolm X, Tupac Shakur, “, ” Callahan, haven’t, Michael Skaggs, Greg Epstein, ” Epstein, Epstein, he’s, wouldn’t, don’t, Vanessa Gomez, Skaggs, agnostics, Gomez, Brake, “ There’s Organizations: CNN, Pew Research, Virginia Commonwealth University Massey Cancer Center, VCU, “ Chaplaincy, Christianity Chaplaincy, Harvard University, MIT, Harvard, Adobe Stock, Technology, University of Southern, Adobe Locations: Christianity, New York, Flushing , Queens, University of Southern California

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

CNN —German Chancellor Olaf Scholz fired his finance minister on Wednesday, leaving the government teetering on the brink of collapse. “The economy cannot wait until after the elections,” Scholz said. Trading barbsThe German chancellor and Lindner criticized each other in separate press conferences on Wednesday. Scholz told reporters “Lindner showed no willingness to implement any of our proposals” and, therefore, “there is no trust basis for any future cooperation” with the outgoing finance minister. The Chancellor also accused the finance minister of being “not about serving the common good but about serving his own clientele and party.” According to Scholz, Lindner will also be dismissed by the country’s President Frank-Walter Steinmeier.

Persons: Olaf Scholz, Scholz, Christian Lindner, “, – Scholz, Lindner, Robert Habeck, Trump, Habeck, Friedrich Merz ’, ” Scholz, Germany’s, Chancellor Gerhard Schroder, Angela Merkel, “ Lindner, Frank, Walter Steinmeier, Alice Weidel Organizations: CNN, Social Democratic Party, Free Democratic Party, Green Party, Lindner’s Free Democratic Party, Greens, Christian Democratic Union, CDU Locations: Germany, Nazi

☆ Elevator test towers: The skyscrapers where nobody lives
▼ + stars: | 2024-11-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.

Persons: It’s, Sebastian Gollnow, ”, Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, “, Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss

☆ Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
▼ + stars: | 2024-11-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate the market shift toward electric vehicles. Revenue : 11.44 trillion yen vs. 11.41 trillion yen: 11.44 trillion yen vs. 11.41 trillion yen Operating profit: 1.16 trillion yen vs. 1.24 trillion yenThe world's largest automaker by sales volume saw a 20% year-on-year drop in operating profit during the quarter. Net profit attributable to company more than halved to 573.7 billion yen from 1.28 trillion a year ago. "If electric vehicles simply become the only choice, including for our suppliers, those people's jobs would be lost." The company maintained a full-year operating profit of 4.3 trillion yen.

Persons: Akio Toyoda, Toyoda, Suzuki Organizations: Toyota, Toyota Motor, LSEG ., Reuters, National, Traffic Safety Administration, Japan's Transport, Ministry of Land, Transport, Honda, Yamaha Locations: Tokyo, Japan, Infrastructure, Tourism

☆ A lawsuit filed by the family of a man killed by a state trooper has been dismissed
▼ + stars: | 2024-10-31 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Minneapolis AP —A federal judge has dismissed a civil rights lawsuit against a white Minnesota state trooper who shot and killed a Black man during a traffic stop last year, ruling that the trooper’s actions did not violate the law. On Wednesday, U.S. District Judge Nancy Brasel granted Trooper Ryan Londregan’s motion to dismiss the suit filed against him by the family of Ricky Cobb II. Brasel found that Londregan did not act unreasonably when he fired his weapon at Cobb as the man’s vehicle began moving forward with another state trooper partly inside. Cobb’s family filed its lawsuit in April accusing Londregan and Seide of excessive use of force and unreasonable search and seizure. Bakari Sellers, an attorney representing Cobb’s family, said the family is considering appealing the decision or amending their complaint against Londregan.

Persons: Nancy Brasel, Ryan, Ricky Cobb, Brasel, Londregan, Cobb, Brett Seide, Ricky Cobb II, Trisha Ahmed, George Floyd, Cobb’s, Chris Madel, it’s, ”, Bakari Sellers Organizations: Minneapolis AP, District, Hennepin County Government Center, Hennepin County Attorney’s Office, Londregan, Minnesota Star Tribune Locations: Minneapolis, Minnesota, Ramsey County, Hennepin County, Cobb’s

☆ Inside 'Project Rodeo,' the Tesla effort pushing the limits of self-driving technology
▼ + stars: | 2024-10-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +16 min

Test drivers on Project Rodeo say they push the company's self-driving software to its limit. Business Insider spoke with nine current and former Project Rodeo test drivers and three Autopilot engineers in states including California, Texas, and Florida. Test drivers on Project Rodeo say they push the company's self-driving software to its limit. Tesla did not respond to a detailed list of questions about Project Rodeo and its self-driving technology. Paul Hennessy/SOPA Images/LightRocket/GettyTwo years later, test drivers were asked to train the system near pedestrians, test drivers said.

Persons: Elon Musk, Tesla, they're, Noah Berger, Missy Cummings, Cummings, Mark Rosekind, Patrick Pleul, Musk, Morgan Stanley, Adam Jonas, They're, FSD, John Bernal, Bernal, Paul Hennessy, Five, —, It's, Cruise, Mario Tama, Philip Koopman, Koopman, Alex Roy, Roy Organizations: Business, BI, Stanford University, National, Traffic Safety Administration, NHTSA, Drivers, Tesla, YouTube, Department of Transportation, San, Cruise, Carnegie Mellon University Locations: San Francisco, California , Texas, Florida, Texas, crosswalks, Cruise, Phoenix, Arizona, Los Angeles , California

☆ Many Wells in North Carolina Remain Unsafe After Hurricane Helene
▼ + stars: | 2024-10-25 | by ( Mira Rojanasakul | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Many Wells in North Carolina Remain Unsafe After Helene's DelugeWeeks after Hurricane Helene ravaged western North Carolina with a record downpour, many people still do not have clean drinking water. Wilmington Greensboro Raleigh Asheville NORTH CAROLINA Charlotte Fayetteville Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. Raleigh Asheville NORTH CAROLINA Charlotte Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. N.C. Density of private wells About a third of households in counties with FEMA disaster declarations rely on private wells for water. In North Carolina, a third of residents draw on local groundwater from pumps that they alone must test and maintain.

Persons: Hurricane Helene, Jeaneanne Gettle, ”, “, Hurricane Florence, Helene, Kelsey Pieper, Mo ., S.C, Hartwell Carson, “ That’s, Pieper Organizations: Asheville Nags, Greensboro Durham Raleigh Charlotte Fayetteville Wilmington Nags, Greensboro Durham, Greensboro Durham Raleigh Asheville NORTH, FEMA, Wilmington Nags, Greensboro Raleigh, Greensboro Raleigh Asheville NORTH, Wilmington Greensboro Raleigh Asheville NORTH, Raleigh Asheville NORTH, . Environmental, Federal Emergency Management Agency, Private, Environmental Protection Agency, The New York Times, North Carolina Department of Health, Human Services, Northeastern University, Hurricane, Northeastern, Minn ., Neb . Ohio Nev, Ill . Utah Colo, MISS, ALA, TEXAS, Ore, Ill . Utah Md, ., Del . Utah W.Va, Ill . Utah W.Va, S.C . MISS, Waterkeeper Alliance Locations: Wells, North Carolina, United States, Asheville, Greensboro Durham Raleigh Asheville, Fayetteville, Wilmington, Greensboro Raleigh Asheville, Wilmington Greensboro Raleigh Asheville, Raleigh Asheville, Raleigh Asheville NORTH CAROLINA, Raleigh Asheville N.C, Charlotte, N.C, Florence, Wash . Maine, N.D, Vt, N.H, Minn, Minn . Idaho, S.D . Wis, N.Y, Wyo, Mich, Conn, R.I . Iowa, Pa, Neb . Ohio, Md, Del . Ind, Ill . Utah, W.Va . Va . Calif, Kan, Mo, Ky, Tenn, Ariz, ., TEXAS LA, alaska FLA, hawaii, . Maine, Mont, N.H . Idaho, R.I . Mich, Pa . Iowa, W.Va, Colo . Va, Mo . Kan, Calif, Okla, MISS . TEXAS LA, Maine, Mont . Vt, Ore, Wis, S.D, R.I, Nev . Ohio, Del . Utah Md, Colo, W.Va . Va, Okla ., S.C ., Nev . Ohio Md, Ind, Del . Utah, Mass, Idaho, Mo . Kan . Va . Ky, Ore . Idaho, Kan . Va, R.I . Iowa Pa . N.J, . Texas LA, U.S

A day after its sharpest rally since 2013, Tesla's stock on Friday headed for its highest close in more than a year as investors and analysts continued to applaud the electric vehicle company's third-quarter results. Tesla shares rose 2.8% on Friday morning to $267.79, putting the stock on pace for its highest finish since September 2023. The firm, which already had a buy rating on the stock, said it was increasing its 12-month price stock prediction to $315 from $310 "to reflect higher deliveries and higher margins." Still, Tesla's stock remains about 35% below its all-time high reached in 2021. WATCH: Tesla's price war is over

Persons: Elon Musk, Mark Read, Piper Sandler, Tesla, FactSet, Musk, Larry Ellison, Li Auto, Bernstein Organizations: Cannes Lions, JPMorgan, Forbes, Tesla, Ford, General Motors Locations: Cannes, France, FSD, California, Texas, China, U.S

☆ Tesla shares jump on profit beat, Elon Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-24 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +6 min

Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. Earlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. While deliveries increased 6% from a year earlier, they fell shy of analysts’ expectations and followed two straight quarters of year-over-year declines. “Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024,” the company said in its earnings deck Wednesday.

Persons: Tesla, Elon Musk, FactSet, Musk, ” Tesla, “, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn’t Organizations: Revenue, Energy, that’s, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Texas, California, Bay, U.S, China, Harrisburg , Pennsylvania

☆ I've been going to the gym regularly for 25 years and still don't look like a fitness model. I'm learning to be OK with that.
▼ + stars: | 2024-10-24 | by ( Joe Harless | ) www.businessinsider.com time to read: +4 min

Now that I'm older, I'm learning to accept my body. But after 25 years of regular gym time, I'm finally OK with not looking like an Adonis. My primary health goal was to look good naked. Unfortunately, I learned the hard way that "look good naked" can translate to "voluntary starvation." So, while I've never managed to look like a fitness model, I now realize that I still look pretty good for my age.

Persons: —, I've, I'm, Adonis, Arnold Schwarzenegger, Hulk Hogan, Schwarzenegger Organizations: Service, Marvel Locations: 5ks

☆ House GOP committee that oversees elections hired two former Trump officials involved in 2020 fake elector scheme
▼ + stars: | 2024-10-24 | by ( Annie Grayer | ) edition.cnn.com time to read: +9 min

They previously hired Thomas Lane, another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Findlay has worked closely with Mitchell, who helped Trump try to overturn the 2020 election. Republicans on the committee previously hired another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Emails obtained by CNN show that Lane was involved in the planning of who would serve as fake electors in Arizona, collecting contact information and discussing where the fake electors would meet. Lane was slated to be a substitute elector if there were absences on the day the fake electors in Arizona met, documents obtained by CNN show.

Persons: Donald Trump, Bryan Steil of, Joshua Findlay, Thomas Lane, Trump, Mark Meadows, Cleta Mitchell, Georgia’s, Bryan Steil, ”, Findlay, ” Findlay, Mitchell, “, Lane, ” Lane, Kenneth Chesebro, Kelli Ward, Steil, ” Steil, ActBlue, Steil’s, “ It’s, ” CNN’s Marshall Cohen, Zachary Cohen, Paula Reid Organizations: CNN — House Republicans, GOP, Trump, Capitol, Administration, Republicans, CNN, Republican National Committee, Conservative Partnership Institute, Network, “, Republican National Committee’s, Coalition, Department of Justice, Democratic, Democrat Party Locations: Bryan Steil of Wisconsin, Arizona, Georgia, ActBlue, Juneau , Wisconsin

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

Elon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The Cybercab is Tesla’s concept of a “dedicated robotaxi” that the company says it wants to produce by 2027, and sell for under $30,000. “Alcon refused all permissions “and adamantly objected to Defendants suggesting any affiliation between BR2049 and Tesla, Musk or any Musk-owned company,” the civil suit in Los Angeles federal court alleges. Musk has promised Tesla shareholders a robotaxi for more than a decade. However, Tesla has never produced a vehicle that is safe to use without a human ready to steer or brake at any time.

Persons: Elon Musk, Musk, “ Alcon, “, Alcon, Alcon’s, ”, Tesla, Donald Trump’s Organizations: Warner Brothers Discovery, Alcon Entertainment, Warner Brothers, CNBC, The New York Times, Musk, Donald Trump’s Republican, U.S Locations: Burbank , California, Los Angeles, Alcon

☆ Tesla faces NHTSA investigation of 'Full Self-Driving' after fatal collision
▼ + stars: | 2024-10-18 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +2 min

Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its “Full Self-Driving” systems, and whether they are safe to use in fog, glaring sun or other “reduced roadway visibility conditions.”The probe follows an incident in which a Tesla driver who had been using FSD struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions. FSD, which the company now refers to as a “partial driving automation system,” is Tesla’s paid, premium driver assistance option. But Tesla has offered it to all drivers for a monthlong free trial in the U.S., previously. The U.S. federal vehicle safety regulator tracks collisions involving the use of automakers’ advanced driver assistance systems, like Tesla’s Autopilot or FSD. As of Oct. 1, 2024, the NHTSA had tracked 1,399 incidents in which Tesla’s driver assistance systems were engaged within 30 seconds of the collision, and 31 of those had resulted in fatalities.

Persons: Tesla, ”, Elon Musk, Musk Organizations: National, Traffic Safety Administration, U.S, ’, NHTSA Locations: U.S, Texas, California

☆ Feds investigating safety of Tesla’s ‘Full Self-Driving’ feature
▼ + stars: | 2024-10-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.

Persons: ”, Tesla, Elon Musk, Musk, “, FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York

☆ Musk unveils $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-11 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required. Musk has spent years touting Tesla’s work in autonomous cars and promising that they would hit the market. In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years.

Persons: Elon Musk, Musk, Tesla, “ It’s, ” Musk, ”, “ Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California, U.S

☆ Tesla shares drop 5.5% in premarket after Cybercab robotaxi reveal fails to impress
▼ + stars: | 2024-10-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Shares of electric vehicle maker Tesla sank after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress investors. Musk revealed Tesla's Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The Tesla boss said the company hopes to be producing the Cybercab before 2027, but offered no details on where the cars will be manufactured. He said consumers would be able to buy a Tesla Cybercab for a price tag under $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles.

Persons: Tesla, Elon Musk, Musk, CNBC's Lora Kolodny, Michael Bloom Locations: Texas, California

☆ Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company's Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles. Musk also revealed plans to produce an autonomous, electric Robovan that can carry up to 20 people, or be used to transport goods. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required.

Persons: Elon Musk, Musk, Tesla Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California

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