Tesla Engineering VP Lars Moravy Urges Ted Cruz-Led Senate Commerce Committee To Build Federal Self-Driving Framework: 'We Must Modernize…' - Tesla (NASDAQ:TSLA)
TeslaTesla(US:TSLA) Benzinga·2026-02-05 07:02

Federal Framework for Autonomous Vehicles - Tesla's Engineering VP, Lars Moravy, emphasized the necessity for a federal framework for autonomous vehicles (AVs) in the U.S. to enhance safety and accessibility [2][3] - Moravy stated that current federal regulations are lagging behind AV technology advancements and called for modernization to foster innovation in the industry [3][4] Safety and Cybersecurity - Moravy highlighted that Tesla's Robotaxis could significantly reduce accident rates by eliminating human distractions from driving [3] - He assured the committee that Tesla has robust cybersecurity measures in place, including multiple layers of security and strict access controls to prevent unauthorized firmware installations [4] Tesla's FSD Subscription Metrics - Tesla reported approximately 1.1 million active Full Self-Driving (FSD) subscriptions globally, with over 70% of subscribers paying an upfront fee of $8,000 [7] - The company plans to transition to a subscription model, charging $99 per month for FSD after Valentine's Day [7] Market Performance and Predictions - Investor Ross Gerber speculated that Tesla might become a division of X following the merger of SpaceX and xAI [8] - Tesla's stock experienced a slight increase of 0.36% to $407.45 in after-hours trading, following a drop of 3.78% to $406.01 at market close [8]

Tesla Engineering VP Lars Moravy Urges Ted Cruz-Led Senate Commerce Committee To Build Federal Self-Driving Framework: 'We Must Modernize…' - Tesla (NASDAQ:TSLA) - Reportify