Genz2
58 minutes ago
https://www.yahoo.com/news/california-drivers-bracing-gas-prices-114500157.html
Excerpt:
Others, like Tino Cebrero, have switched to electric vehicles to beat the squeeze.
“For a full tank, what is it? $60 or $70? For a full charge, I only pay $15 or $20,” he told CBS 8. “So, it’s a big difference.”
crudeoil24
7 hours ago
Tesla (NASDAQ:TSLA) has increased the prices of its Model S and Model X vehicles in the United States, according to updates on the company’s official website.
The Model S All-Wheel Drive (AWD) now starts at $84,990, a $5,000 jump from its previous price tag of $79,990. Similarly, the high-performance Model S Plaid has been raised to $99,990, up from $94,990.
The Model X lineup also saw matching $5,000 price hikes, affecting both the AWD and Plaid variants. The price adjustments come amid ongoing market recalibrations and cost structure changes across Tesla’s premium vehicle segment.
zen222
1 day ago
Tesla Fails to Meet June 12 Launch for Its Robotaxis. Is This a Big Red Flag for TSLA Stock?
Earlier this week, Tesla (TSLA) CEO Elon Musk announced that the company’s highly anticipated robotaxi service will launch on June 22 in Austin, Texas, pushing back the previously targeted June 12 date as the electric vehicle maker prioritizes safety protocols.
The tentative launch date comes as Tesla faces intense competition in the autonomous vehicle market, where Alphabet’s (GOOG) (GOOGL) Waymo already operates commercial robotaxi services, conducting 250,000 paid trips weekly across multiple U.S. cities.
Tesla’s cautious approach indicates an acknowledgment of safety concerns surrounding autonomous driving technology. Musk emphasized the EV maker is being “super paranoid about safety,” noting that the launch date could shift if additional testing is needed.
“Tesla’s driverless ‘robotaxis’ could launch in Austin as soon as June 22. But a demo in Austin today showed a $TSLA, manually driven to test its Full Self-Driving system, failed to stop for a child-sized dummy at a school bus—and hit it.”
@cbsaustin @velez_tx— Carl Quintanilla (@carlquintanilla.bsky.social) 2025-06-13T11:28:31.792Z
Tesla Stock Gains Despite FSD Delay
The robotaxi service will begin with a limited rollout of 10 to 20 modified Model Y vehicles equipped with Tesla’s new “Full Self-Driving Unsupervised” technology. Unlike the futuristic CyberCab Tesla plans to produce next year, the initial fleet will consist of existing Model Ys, painted black, with distinctive white “Robotaxi” logos.
Tesla will implement geofencing to restrict the initial operating area of the robotaxis, with company employees remotely monitoring the fleet. This measured approach contrasts with Tesla’s broader ambitions to rapidly scale to thousands of vehicles if the Austin pilot proves successful.
The announcement provided a boost to Tesla shares, helping the stock recover from recent volatility following public disputes between Musk and President Donald Trump that briefly erased more than 14% of its market value.
Tesla’s entry into Austin’s competitive autonomous vehicle landscape positions it against established players, including Waymo, Amazon’s (AMZN) Zoox, and startup Avride. The Texas capital has emerged as a preferred testing ground for self-driving technology due to its robotaxi-friendly state regulations and tech-forward infrastructure.
Despite years of promises about autonomous driving capabilities, Tesla has yet to deliver a vehicle safe for unsupervised operation. Notably, the company’s camera-based approach differs from competitors like Waymo, which rely on sophisticated sensors, including lidar and radar technology.
Safety advocates and anti-Musk groups plan protests coinciding with Tesla's expected launch, citing concerns about the company’s driver assistance features currently marketed as Autopilot and Full Self-Driving.
https://www.msn.com/en-us/autos/news/tesla-fails-to-meet-june-12-launch-for-its-robotaxis-is-this-a-big-red-flag-for-tsla-stock/ar-AA1GFJuq
Genz2
1 day ago
Toyota’s Chairman Says EVs Pollute More Than Hybrids. Is He Right?
https://insideevs.com/news/762583/akio-toyota-evs-hybrids-emissions/
Excerpt:
So yes, you can orchestrate scenarios where hybrids are cleaner than fully electric cars in certain conditions—but those cases are limited and shrinking by the day.
The 8,500-pound Chevy Silverado EV driving in West Virginia could be dirtier than a Toyota Prius that’s driving at slow speed for short distances, frequently reusing its battery, which gets charged by the engine and with regenerative braking. But when you do an apples-to-apples comparison, EVs are cleaner than hybrids even when the source of electricity is extremely nasty.
boston745
1 day ago
Newly released video of fatal Tesla crash prompts federal investigation: 'They are claiming they will be imminently able to do something
In November 2023, a Tesla Model Y swerved into 71-year-old grandmother Johna Story at 65 mph after Johna had exited the front passenger-side door of a Toyota 4Runner, which had come to a stop along with other vehicles as members of her group, including Johna, donned orange reflective safety vests and assisted with a crash just after a curve on Interstate 17.
Johna died, and her family has sued the Model Y's driver, Karl Stock, and Tesla, who both did not respond to Bloomberg's request for comment.
The crash report doesn't specify whether Stock was using the FSD system or tried to take control of his Model Y before the collision. However, NHTSA data shows that Tesla reported the crash to regulators seven months later in accordance with a standing general order that requires automakers to report crashes with engaged driver-assistance systems.
I recall this accident, it was confirmed to be using FSD already so not sure why the article doesnt indicate this leaving room for doubt that it was FSD vs Autopilot. HOwever i do not recall it mentioning that the Tesla swerved into this lady. If it swerved its not a glare vision issue, its a glitch in Teslas as shown in the accident mentioned below.
https://www.msn.com/en-us/autos/news/newly-released-video-of-fatal-tesla-crash-prompts-federal-investigation-they-are-claiming-they-will-be-imminently-able-to-do-something/ar-AA1GC5XW
Tesla On FSD Suddenly Swerves And Crashes Into A Tree, Claims Driver
Autonomous driving may be the future, but the present still has a lot of explaining to do. Especially when cars with so-called “Full Self-Driving” capabilities start careening off the road for no obvious reason.
That said, it’s rare to see what we just have in a newly released set of videos involving a Tesla. According to the title, it shows a crash while running what Tesla calls its autonomous system, Full Self-Driving (Supervised). What’s worse, though, is that it seems to do so without rhyme or reason in broad daylight with no traffic on a straight road.
Exactly as predicted. The list of Teslas behaving this way regardless of what is operating the vehicle is long and bloody. Doesnt matter if its FSD, Autopilot, Professionals, regular, or even intoxicated drivers, when a Tesla malfunctions there is nothing you can do about it!
https://www.carscoops.com/2025/05/tesla-fsd-crash-video-swerve-tree/
zen222
1 day ago
Idiotic and unrealistic promises made, idiotic and unrealistic promises inevitably broken.
Exactly what Elon has been doing with Tesla and his so-called "autonomous" vehicles that blow through stop signs, can't see in fog, smoke, dust storms, or sun glare and kill people.
“Tesla’s driverless ‘robotaxis’ could launch in Austin as soon as June 22. But a demo in Austin today showed a $TSLA, manually driven to test its Full Self-Driving system, failed to stop for a child-sized dummy at a school bus—and hit it.”
@cbsaustin @velez_tx— Carl Quintanilla (@carlquintanilla.bsky.social) 2025-06-13T11:28:31.792Z
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176315071
zen222
2 days ago
Tesla Executive Admits That Self-Driving Is Going Nowhere Fast
"We are lagging by maybe a couple of years."
Nearly ten years ago in 2015, rising tech entrepreneur Elon Musk made a bold announcement: Tesla vehicles would be fully driving themselves by 2017.
The billionaire was talking about vehicles with level 5 autonomy — a designation by the Society of Automotive Engineers (SAE) commonly used as the benchmark for a full self-driving car that can drive where its passengers please with no intervention.
He repeated those claims in January 2016, saying "summon should work anywhere connected by land and not blocked by borders" within two years. For example, if you're in Los Angeles and your Tesla is in New York, you'd be able to summon it to you from across the country — at least according to his vision, which many took as gospel.
By June of that year, Musk called level 5 autonomy a "solved problem." He did so again in 2017. And again in 2018. Then the next year. And the year after that.
You probably see where this is going.
Now in 2025, Tesla isn't looking meaningfully closer to Level 5 autonomy than in 2015. Though Tesla rolled out its Autopilot features en masse that same year, it's only achieved SAE Level 2 — enough for a driver to "take their hands off the wheel and let their vehicle take control when driving in certain conditions." (That hasn't stopped numerous motorists from overestimating the system's capabilities and dying as a result.)
That isn't likely to change anytime soon, according to an intriguing insider: Tesla's head of Autopilot and AI software, Ashok Elluswamy.
The Tesla official was speaking on the Gobinath Podcast, an Indian-English interview show, where he admitted the EV company is still way behind its competitors — despite over a decade of self-driving development.
"Technically, Waymo is already performing," Elluswamy admitted, referencing Google's autonomous vehicle program. "We are lagging by maybe a couple of years."
This is despite Tesla's — also long-promised — fully self-driving Robocab service supposedly going live in Austin, Texas this coming June. It's not understood how this will work, as Tesla would need to demonstrate a vehicle capable of driving itself at SAE Level 4 to transport riders without the need for human intervention.
So far, Musk has been uncharacteristically silent on the prospects of a Level 4 vehicle.
Late in 2024, Greg McGuire, managing director of the autonomous vehicle research facility at the University of Michigan, told SAE Media that Tesla "is not — from what I've seen — ready for general Level 4 operation."
"Will they be there by 2027? At [UofM], we still think there's a couple of key scientific barriers," McGuire said.
That makes Musk's ever-stretching timeline for full self-driving — let alone a Robocab network — tenuous at best, and an absurd fantasy at worst.
https://futurism.com/tesla-executive-fsd
zen222
2 days ago
Musk fires up the robotaxi hype machine as his MAGA spotlight dims
Elon Musk has two key strengths: a bottomless well of money and an unmatched ability to hypnotize Wall Street with promises of a whizz-bang technological future. He’s starting to run into the limits of both.
On the hypnosis front, Musk is busy hyping the tentative launch on June 22 of Tesla’s long-awaited robotaxi pilot program in Austin, Texas. Tentative, Musk said, because the company is being “super paranoid about safety.”
When even Musk says the date is iffy, do not hold your breath. The guy can deliver a game-changing EV, to be sure, but many of his more ambitious projects are notoriously behind schedule.
For more than half a decade, the Tesla CEO has been promising that his robotaxi service — a fleet of driverless cars shuttling customers around — was just a year away, as my colleague Chris Isidore notes. (Musk has a well established history of wildly overpromising and underdelivering, which even he admits.)
In the meantime, Alphabet went ahead and began a taxi service using driverless Waymo cars in 2020, and now provides 250,000 paid rides a week in San Francisco, LA, Phoenix and Austin. (It is still a money-losing operation, sure, but the losses are essentially a rounding error for the tech behemoth.)
If playing catch-up on robotaxis were Tesla’s only problem, that’d still be a tall order. But the company is trying to usher in the future of transportation at the same time it is doing damage control on its reputation.
What began as a kind of aspirational luxury car brand popular among well-to-do liberals has, for many, become synonymous with its erratic, authoritarian-adjacent CEO. Musk’s MAGA turn wasn’t the only reason Tesla sales started tanking globally, but it certainly didn’t help.
Chinese competitors have been eating Tesla’s lunch in key markets around the world. The Cybertruck is — relative to Musk’s original high-flying predictions — a flop, and the rest of the company’s lineup is dated. Some disappointed drivers say they can’t offload their Teslas because demand and resale prices have fallen so dramatically.
In sum: Tesla, whose stock (TSLA) has tumbled 30% since its all-time high in December, needs its robotaxi event, whenever it happens, to really knock investors’ socks off.
Of course, in the past, Musk has been known to lean into the flash and somewhat gloss over the substance. Last fall, Tesla shares fell 9% the day after its “Cybercab” unveiling, which offered few details about how Tesla plans to improve its still-unfinished “Full Self-Driving” tech and featured robot staff that, unbeknownst to people who attended, were being operated remotely by humans.
Musk dropped nearly $300 million on campaign spending for Donald Trump and other Republicans last year, only to blow up his relationship with the president a few months later with a series of outbursts on social media. He shelled out $44 billion on Twitter with the intent of building it into some kind of “everything app” — an internet hub for commerce and a global town hall. The platform saw an exodus of users and advertisers as Musk took down speech guardrails, and it now more closely resembles the notorious message board 4chan.
Musk’s $20 million gamble on a conservative candidate for the Wisconsin Supreme Court was seen as a test of his newfound political power. But that one also backfired, putting Musk and his unpopular DOGE layoffs at the center of the narrative and enabling the liberal candidate to secure a 10-point victory.
Bottom line: After torching Tesla’s brand with his MAGA turn, Musk went and did something even more unthinkable and turned on Trump, straining (if not dooming) his status as “first buddy.” Musk is now in damage control mode, and he’s reviving an old playbook, revving up the self-driving hype machine, for a bit of redemption.
“He’s got a problem,” President Trump told CNN’s Dana Bash last week. “The poor guy’s got a problem.”
https://finance.yahoo.com/news/musk-fires-robotaxi-hype-machine-090003887.html
zen222
2 days ago
Tesla Stock Dips While Market Gains: Key Facts
By Zacks Equity Research | June 12, 2025, 5:45 PM
Tesla (TSLA) ended the recent trading session at $319.11, demonstrating a -2.24% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.24%.
Shares of the electric car maker witnessed a loss of 6.11% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 5.67%, and the S&P 500's gain of 6.6%.
The investment community will be paying close attention to the earnings performance of Tesla in its upcoming release. The company is forecasted to report an EPS of $0.43, showcasing a 17.31% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $23.5 billion, showing a 7.84% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.88 per share and revenue of $97.06 billion, indicating changes of -22.31% and -0.65%, respectively, compared to the previous year.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.31% higher. At present, Tesla boasts a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Tesla is holding a Forward P/E ratio of 173.21. This valuation marks a premium compared to its industry average Forward P/E of 10.99.
It's also important to note that TSLA currently trades at a PEG ratio of 9.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1.14 based on yesterday's closing prices.
https://finviz.com/news/79759/tesla-tsla-stock-dips-while-market-gains-key-facts
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