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Are Tesla cars safe? New study says they have the highest fatal crash rate of any car brand in the US
A new study has revealed that Tesla vehicles have the highest fatal crash rate of any car brand in the U.S., raising concerns about their safety. With a crash rate of 5.6 per billion miles driven, Tesla outpaces other brands like Kia and Buick.
20 Nov, 2024, 10:18 PM ISTTrump to push self-driving vehicles in boost to Tesla
President-elect Donald Trump's transition team is prioritizing a federal framework for fully self-driving vehicles. This move would benefit Tesla CEO Elon Musk, as Tesla heavily invests in self-driving technology. While the Transportation Department can adjust regulations, Congress's action is needed for mass adoption. Potential policy leaders and a bipartisan legislative measure are under consideration.
18 Nov, 2024, 11:21 PM ISTWhat Donald Trump brings to Elon Musk's table
Elon Musk's influence in the Trump administration had both advantages and risks. His companies could benefit from relaxed regulations, but trade wars and climate change policies posed threats. Musk's relationship with Trump could influence trade relations with China and impact security arrangements with NATO allies. Musk's companies faced federal investigations, but government contracts continued.
10 Nov, 2024, 11:06 PM ISTZoomcar raises $9.15 mn from institutional investors
Self-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The proceeds will be used for repayment of approximately USD 3.8 million in debt and the remaining amount for general corporate purposes and working capital needs.
08 Nov, 2024, 06:28 PM ISTElon Musk now says it's 'pointless' to build a $25,000 Tesla for human drivers
Tesla CEO Elon Musk has confirmed the company scrapped plans for a $25,000 electric car for human drivers. Musk stated that such a vehicle would be "pointless" without full autonomy. Instead, Tesla will focus on its "Cybercab," a fully autonomous robotaxi with a projected price of $25,000, set to begin production in 2026.
05 Nov, 2024, 05:02 PM ISTChina's DeepRoute AI raises $100 million as smart driving adoption speeds up
DeepRoute AI plans to launch more than 10 models with its automaker clients in 2025. The growing fleet will generate revenue for the company via a technology licensing fee per car and collect data that is key for its artificial intelligence technology to evolve faster to handle more complicated traffic situations.
04 Nov, 2024, 08:49 AM IST- All
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Alphabet's Waymo closes $5.6 billion funding to expand autonomous ride-hailing service
The investment round also saw participation from existing investors including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price, Waymo said. "With this latest investment, we will continue to welcome more riders into our Waymo One ride-hailing service in San Francisco, Phoenix, and Los Angeles, and in Austin and Atlanta through our expanded partnership with Uber," the company said.
26 Oct, 2024, 01:27 PM ISTTesla promises paid robotaxis next year, but significant hurdles remain
Elon Musk stated that Tesla plans to launch driverless ride-hailing services in California and Texas next year. The initiative faces regulatory hurdles, especially in California, where securing permits for fully autonomous rides is difficult. Tesla's Full Self-Driving system is also under scrutiny following recent crash investigations.
24 Oct, 2024, 10:25 PM ISTTesla promises paid robotaxis next year, but significant hurdles remain
Tesla CEO Elon Musk plans to introduce driverless, paid ride-hailing services in California and Texas by next year, despite facing potential regulatory and technical challenges. Tesla forecasts a rise in vehicle sales, although it needs regulatory approval and further testing in California.
24 Oct, 2024, 10:09 AM ISTTesla surprises with sales forecast and cost efficiency, shares jump
Tesla CEO Elon Musk expects vehicle sales to grow 20% to 30% next year, reassuring investors about the company's profitability in selling electric vehicles. Musk also mentioned plans to roll out driverless vehicles offering paid rides next year in California and Texas after regulatory approval. Tesla aims to expand its vehicle lineup by 2025.
24 Oct, 2024, 07:28 AM ISTTesla's 'full self-driving' faces defect probe in US after fatal crash
The US is investigating if Tesla's Full Self-Driving system is defective following several crashes, including one fatality. The National Highway Traffic Safety Administration is looking into the system's response in low visibility conditions. This investigation is a setback to Tesla's autonomous driving ambitions and follows another inquiry into driver engagement with the Autopilot system.
19 Oct, 2024, 12:32 AM ISTUS to probe Tesla's 'Full Self-Driving' system after pedestrian killed in low visibility conditions
The U.S. National Highway Safety Administration has initiated an investigation into Tesla's 'Full Self-Driving' system following reports of crashes in low-visibility conditions. The probe focuses on the system's effectiveness in detecting and responding to conditions like sun glare, fog, and dust. These incidents include one fatality and an injury, covering approximately 2.4 million vehicles from model years 2016 to 2024.
18 Oct, 2024, 05:31 PM ISTBits & Bytes: Tesla unveils robotaxi, pledges it ‘before 2027’
Tesla's self-driving robotaxi will be fully electric and cost under $30,000. Musk also revealed humanoid robots called 'Optimus' that could perform menial tasks and offer companionship. Meanwhile, the lawsuits allege that TikTok's addictive design features, like endless scrolling and push notifications, harm children's mental health. Meta has introduced AI tools called "Meta Movie Gen" for automatically generating, editing, and adding sound effects to videos.
13 Oct, 2024, 06:02 AM ISTTesla's robotaxi event was long on Musk promises. Investors wanted more details.
Elon Musk said the company would start building the fully autonomous Cybercab by 2026 at a price of less than $30,000, and showed off a robovan capable of transporting 20 people around town - which he said would reshape cities by "turning parking lots into parks."
12 Oct, 2024, 01:04 PM ISTElon Musk shows off Tesla 'Robotaxi' that drives itself
Tesla unveiled its much-anticipated self-driving 'Robotaxi,' a prototype without steering wheel or pedals, aiming for release by 2027. Elon Musk, known for his optimistic timelines, claims this innovation will revolutionize transportation and boost Tesla’s market value, despite expert skepticism about its readiness and profitability.
11 Oct, 2024, 11:26 PM ISTElon Musk unveils Tesla's 'Cybercab,' plans to bring autonomous driving tech to other models in 2025
Tesla CEO Elon Musk unveiled the new robotaxi called Cybercab, an AI-powered vehicle without steering wheels or pedals. Musk projected availability by 2026, despite concerns over the reliability of Tesla's Full Self-Driving technology. Competitors like Waymo and Cruise are already deploying similar autonomous vehicles, adding pressure on Tesla.
11 Oct, 2024, 05:10 PM ISTElon Musk's Tesla unveils Robotaxi at AI event "We, Robot"; Check price, specifications, and AI features
Tesla Cybercab: Tesla's highly anticipated "We, Robot" event took center stage as Elon Musk unveiled the long-promised robotaxi, highlighting the company's vision for autonomous vehicles. The robotaxi, part of Musk's broader AI robotics strategy, promises to revolutionize transport through a network of self-driving taxis. However, challenges remain, including regulatory scrutiny, safety concerns, and competition from established players like Waymo. With ambitious plans to expand Tesla's robotaxi fleet, Musk aims to keep the company at the forefront of the AI-driven mobility revolution.
11 Oct, 2024, 05:06 PM ISTWill Tesla's robotaxi reveal live up to hype?
After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism. "We believe widescale Tesla robotaxi deployment is unlikely within the coming years," said a note from UBS last month.
08 Oct, 2024, 08:03 AM ISTTesla shares gain 7% on plans to launch Full Self-Driving software in Europe, China
Tesla shares surged over 7% after the company confirmed plans to launch its Full Self-Driving software in China and Europe, pending regulatory approval. This comes ahead of the unveiling of its robotaxi product, Cybercab. CEO Elon Musk expects approval by year-end, with a potential U.S. regulatory boost under a Trump administration.
05 Sep, 2024, 09:25 PM ISTTesla shares gain on plans to launch full self-driving in Europe, China
This comes about a month ahead of the company's unveiling of its robotaxi product, "Cybercab", underpinned by the technology that helps drivers accelerate, brake and steer in cities and highways with human supervision.
05 Sep, 2024, 04:44 PM ISTTesla plans six-seat Model Y, production slated for 2025 in China, sources say
Tesla plans to produce a six-seat version of its Model Y in China by late 2025, seeking to enhance its appeal in the competitive electric vehicle market. The Shanghai factory is preparing for a production boost despite awaiting expansion approval. This move comes as domestic rivals introduce competitive models with roomier interiors at lower prices.
03 Sep, 2024, 09:56 AM ISTTesla’s 'full self-driving' faces intensifying safety scrutiny
Tech analyst William Stein tested Tesla's 'Full Self-Driving' system three times and reported unsafe maneuvers, raising concerns about its safety. Federal regulators are scrutinizing Tesla's autonomous driving system after multiple crashes. Skepticism grows over Tesla's promise of a driverless fleet by next year.
28 Aug, 2024, 06:09 PM ISTQuestions about the safety of Tesla's 'Full Self-Driving' system are growing
Tesla's "Full Self-Driving" system is under scrutiny following incidents where the technology performed unsafe maneuvers. Analyst William Stein's tests found the system lacking, and a fatal crash in Seattle has raised further concerns. Federal regulators are investigating the safety of Tesla's automated driving systems.
28 Aug, 2024, 02:02 PM ISTElon Musk says robotaxis are Tesla's future, experts have doubts
Musk's vision of autonomous vehicles, or AVs, is not limited to cars that drive themselves. He has also claimed that individuals who buy Teslas would be able to make money when they are asleep or at work by letting the company use their cars as robotaxis. Experts who have studied autonomous driving systems have said that Musk has chosen a more difficult approach to self-driving cars than other companies.
30 Jul, 2024, 12:29 PM ISTTesla's bleak margins sink shares as Musk hypes everything but cars
Tesla's shares fell 12%, wiping out $100 billion in stock value. CEO Elon Musk's talk on future products couldn’t ease investors' concerns over shrinking profit margins and missed earnings estimates. Tesla's EV deliveries dropped for two consecutive quarters, forcing price cuts. Analysts doubt Tesla's ability to deploy robotaxis soon. Its market value has fallen significantly from its peak in 2021.
25 Jul, 2024, 07:48 AM ISTChina backing Elon Musk on full self-driving revs up Tesla shares
Prior to Monday's share price jump, Tesla shares had lost about a third of their value this year as concerns have grown about its growth trajectory. Key questions remain, however, on whether Tesla can secure government approvals to transfer data overseas that could prove pivotal in its development of autonomous vehicles.
30 Apr, 2024, 12:37 AM ISTWhat is Tesla's Full Self Driving and why its China rollout matters
Tesla CEO Elon Musk made an unannounced visit to Beijing to discuss the rollout of Full Self-Driving (FSD) software and data transfer permissions. Musk met with Premier Li Qiang, sharing a photo on social media. Tesla cleared regulatory hurdles for FSD in China, potentially boosting competition in the auto market. The move could also help Tesla navigate regulatory challenges and declining EV sales, while aligning with China's push for technological innovation and competition in the autonomous driving sector.
29 Apr, 2024, 03:32 PM ISTMusk's big win in China: Tesla clears data security, full self driving hurdles for locally-made cars
Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. Musk secured a key clearance from Chinese authorities, boosting the EV maker's efforts to revive declining sales and regain trust in the Chinese market, where local automakers like BYD challenge Tesla's dominance. Tesla cars produced in China met essential data security and privacy requirements, allowing Musk to progress in gaining approval for driver-assistance software introduction. Furthermore, a reported deal between Tesla and Baidu for mapping services in China hints at further advancements in the company's operations.
29 Apr, 2024, 11:32 AM ISTBaidu, Tesla said to have agreed on mapping deal for FSD in China
The deal clears a final regulatory hurdle for Tesla's driver assistance system, which Tesla calls Full Self Driving (FSD) to be offered in China, the sources said.
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