Lucid Group said on Tuesday it plans to launch next year a mid-size Level 4 self-driving electric vehicle using computer systems from Nvidia , marking a step toward cars that can operate without drive... ...

Core Viewpoint - Tesla's shares declined after the announcement of a new, stripped-down, and cheaper version of the Model Y SUV, which is designed to offset the loss of federal tax credits [1][2]. Group 1: Product Announcement - The new Model Y will lack certain features and use less premium materials to reduce costs [2]. - This is the first major product announcement since October 2024, when Tesla introduced its self-driving "Robotaxi" [2]. Group 2: Delivery Performance - Tesla reported a 7% increase in EV deliveries for the three months ending in September compared to the same period last year, exceeding Wall Street expectations [2]. - Analysts attribute the delivery gains partially to the expiration of the federal electric vehicle tax credit at the end of September [3]. Group 3: Historical Context - Tesla's deliveries faced challenges in the first half of 2025, with declines of approximately 13% year-over-year in both the first and second quarters [4]. Group 4: Upcoming Events - Tesla is scheduled to report earnings on October 22, followed by the annual shareholder meeting on November 6 [5].

Tesla (TSLA) will report third-quarter deliveries and production figures early Thursday. But the EV giant's biggest news of the week is the promised release of the latest version of Full Self-Driving. Tesla stock has been surging in recent weeks on self-driving optimism. Tesla Deliveries Tesla deliveries are expected to come in at 447,750, according to the analyst consensus forecast compiled… Related news Dow Jones Futures: Market Rebounds, 5 Stocks Eye Buy Points; Tesla Deliveries Due BREAKING: Futures Loo ...

Core Viewpoint - Tesla shares have reached a new closing high for 2025, driven by investor optimism regarding the company's self-driving future and recent positive developments [1][2]. Group 1: Stock Performance - Tesla stock rose to $440 in early trading, closing at $434.21, marking a 1.9% increase and surpassing the previous 2025 closing high of $428.22 [1]. - Over the past month, Tesla shares have increased by over 30%, influenced by CEO Elon Musk's $1 billion share purchase, a new compensation proposal, and plans for Robotaxi expansion [2]. Group 2: Analyst Insights - Piper Sandler analyst Alexander Potter raised his price target for Tesla from $400 to $500 after observing the competitive landscape in China, where local automakers look to Tesla for AI and self-driving technology guidance [2][3]. - Potter noted that while Chinese EV manufacturers have advanced in assembly, Tesla remains a leader in developing AI-enabled machines and infrastructure [3]. - He expressed confidence in Tesla's latest full self-driving (FSD) technology and anticipates a record sales quarter in Q3 [4]. Group 3: Robotaxi Expansion Plans - Tesla has announced plans to expand its Robotaxi service beyond Austin to states like Nevada, Florida, and California [5]. - However, reports indicate that Tesla is not close to launching the Robotaxi service in California, as the company has not applied for the necessary permits, which can take years to obtain [6][7].

Core Viewpoint - Tesla shares have seen significant gains, with a nearly 4% increase, reaching a new 2025 closing high, driven by investor optimism regarding the company's self-driving future and new product launches [1] Group 1: Stock Performance - Tesla stock has risen over 30% in the past month, influenced by CEO Elon Musk's $1 billion share purchase, a new compensation proposal, and plans for Robotaxi expansion beyond Austin [2] - The stock is currently higher in 9 of the last 10 trading sessions, with early trade topping $440, surpassing the previous high of $428.22 on January 15 [1] Group 2: Analyst Insights - Piper Sandler analyst Alexander Potter raised his price target for Tesla from $400 to $500 after visiting China, noting that Chinese automakers look to Tesla for guidance in AI and self-driving technology [2][4] - Potter observed that while Chinese EV-makers have advanced in assembly, Tesla remains competitive in developing AI-enabled machines and infrastructure [3] Group 3: Robotaxi Expansion Plans - Tesla has announced plans to expand its Robotaxi service beyond Austin to states like Nevada, Florida, and California, although there are challenges in California regarding regulatory approvals [5][6] - Despite Musk's claims of imminent regulatory permission for Robotaxi services in the San Francisco Bay area, reports indicate that Tesla has not yet applied for the necessary permits, which could take years to obtain [6][7]

US stocks turned higher on Monday as Wall Street kept up a record-setting streak on the back of Big Tech megacaps. The Dow Jones Industrial Average (^DJI) nudged up 0.1%, while the S&P 500 (^GSPC) rose about 0.4%. The tech-heavy Nasdaq Composite (^IXIC) led the way, rising 0.6% on the heels of a strong week for stocks as investors welcomed the Fed’s return to easing. Nvidia (NVDA) stock surged, back near an all-time high, as the company announced it would invest up to $100 billion in OpenAI in the comin ...

Core Insights - Tesla is developing modified Model Ys for its Robotaxi program, internally called "Halo," featuring unique components such as self-cleaning cameras and enhanced camera protection [1][4] - The Halo vehicles include an additional telecommunications unit for GPS and remote operator connectivity [2] - The Robotaxi service is currently operating in a geofenced area in Austin, with remote operators and a human safety monitor present in the vehicle [6] Group 1 - The Halo project involves vehicles with distinct parts compared to standard Model Ys, aimed at enhancing the Robotaxi service [1] - Tesla plans to integrate these modified vehicles into its fleet later this year, with initial launches already utilizing self-cleaning cameras [4] - Elon Musk indicated that the Robotaxi will rely solely on cameras for navigation, without the use of LiDAR or radar sensors [4] Group 2 - During an earnings call, Musk mentioned the initial deployment of 10 to 20 Robotaxis, with plans for future expansion [7] - Early users of the Robotaxi service reported positive experiences, noting smooth rides and effective autonomous operation [5] - Tesla owners currently have the option to purchase a beta version of the Full Self-Driving software, which requires a licensed driver to monitor the vehicle [8]

Core Insights - Tesla is set to begin its robotaxi service trials in Austin, Texas, next month, focusing on specific areas deemed "the safest" by the company [1] - The company will implement a geofence strategy, limiting the robotaxi operations to certain locations, marking a shift from Musk's previous claims of a general-purpose self-driving solution [2][3] - Initial operations will involve around 10 Model Y SUVs equipped with "unsupervised" Full Self-Driving software, monitored remotely by Tesla employees [4] Group 1 - The robotaxi service will initially be restricted to specific safe areas in Austin, Texas [1] - Tesla's approach includes a geofence, indicating a significant change in strategy from earlier claims of universal self-driving capabilities [2] - The company plans to monitor the initial fleet remotely, starting with a small number of vehicles to ensure safety before scaling up [4] Group 2 - Musk emphasized a cautious approach, stating that the vehicles will avoid intersections unless there is high confidence in their performance [2] - The use of remote monitoring aligns with practices seen in other autonomous vehicle companies, such as Waymo, which also employs operational centers for oversight [5]

Core Insights - Tesla has halted imports of car parts from China due to the trade war, impacting plans for the Cybercab and Semi electric truck [1][4] - The Trump administration imposed tariffs of 145% on Chinese imports, leading to a 125% retaliatory tax from Beijing [2] - The Cybercab is expected to enter mass production in 2026, with initial production planned for October [4][5] - Tesla shares fell nearly 2% following the news of the import suspension [5] - Tesla's operations in China are significant, and the company relies on Chinese components despite building all vehicles in the US [6] - Supply chain difficulties may hinder Tesla's goals for fully autonomous vehicles and its taxi fleet plans [9] - Tesla faces increasing competition from BYD, a Chinese electric car brand that has surpassed Tesla in global sales [9]

After enjoying strong rallies in the final week of February, two prominent Chinese electric vehicle (EV) makers experienced sharp and unexpected stock market drops on March 3.Specifically, both Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) surged 12.18% at the end of last month from $4.27 on February 25 to $4.79 on February 27 and 24.89% from $26.36 on February 24 to $32.92 on February 26, only to collapse 4.32% and 9.73% on Monday morning.NIO and LI stock 24-hour price charts. Source: GoogleLooking at the lates ...