Core Viewpoint - Tesla is redesigning its door handles to enhance safety and prevent occupants from being trapped inside the vehicles following incidents reported to the NHTSA [1][3]. Group 1: Safety Concerns - The NHTSA has opened an investigation into Tesla's door handles after receiving nine complaints from owners regarding failures [3]. - Issues identified include the reliance on electronic locks that may fail without battery power and the difficulty in accessing manual door releases [3]. Group 2: Design Changes - Tesla's chief designer, Franz von Holzhausen, indicated that the company is working on a solution that combines electronic and manual door releases into a single button [3]. - The decision to rethink door handle design aligns with safety concerns raised in China, although no final regulatory action has been taken there [2].

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into an estimated 174,290 Tesla Inc. TSLA Model Y crossover SUVs over faulty electronic door handles.Check out the current price of TSLA stock here.Parents Had To Break Windows To Regain Entry, NHTSA SaysThe investigation, opened on Monday after the agency said it received multiple complaints that owners of the 2021 Model Y were unable to regain access to the vehicle after exiting. The owners also complained that they wer ...

The National Highway Traffic Safety Administration has opened an investigation into claims that Tesla’s door handles become inoperable in certain situations on Model Y SUVs.The safety agency’s Office of Defects Investigation (ODI) revealed the probe on Tuesday, after having received nine reports from owners who were unable to get into their cars. ODI writes that the most common scenario involves parents who exit their car and cannot open the rear doors to remove their children. In four of those cases, acco ...

The US National Highway Traffic Safety Administration (NHTSA) said Tuesday it has opened a preliminary evaluation into Tesla Inc.'s Model Y vehicles from the 2021 model year after reports of electroni... ...

Charlotte City Council in North Carolina voted Monday to remove Tesla from its list of approved vehicle manufacturers for municipal use, with one supportive member citing alleged “safety issues.”Councilwoman LaWana Mayfield, who led the effort, has favored such a move for weeks, according to WCNC.The 11-member board with nine Democrats voted 6-3 in favor of removing the Elon Musk-owned company from the list of more than a dozen approved vendors as the city seeks to purchase 45 electric vehicles.“When we are ...

Financial Data and Key Metrics Changes - Total revenue in Q4 2024 was $0.1 million, down from $0.35 million in Q4 2023. For the full year 2024, total revenue was $0.8 million compared to $1.5 million in 2023 [17] - Gross margin loss for Q4 2024 was $0.2 million, consistent with Q4 2023. The full year gross margin loss for 2024 was $0.8 million compared to a break-even gross margin in 2023 [18] - Operating loss for Q4 2024 was $12.8 million, compared to a loss of $12.1 million in Q4 2023. The full year operating loss totaled $49.7 million, up from $46.9 million in 2023 [21] - Net loss in Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023. The full year net loss for 2024 was $49.3 million, compared to a loss of $43.5 million in 2023 [21] Business Line Data and Key Metrics Changes - The company reported a backlog of $0.3 million as of December 31, 2024 [18] - R&D expenses for Q4 2024 were $9 million, up from $8.4 million in Q4 2023. Full year R&D expenses were $35.1 million compared to $34.1 million in 2023 [20] Market Data and Key Metrics Changes - The company highlighted significant opportunities in the non-automotive market, particularly through collaborations with companies like Sensrad and Tianyi Transportation Technology [12] - The company anticipates shipping around 5 million imaging radar chipsets by 2030 based on current engagements [13] Company Strategy and Development Direction - The company is focused on advancing radar technology and has established collaborations with major players like NVIDIA and HiRain Technologies to enhance vehicle safety and autonomy [7][8] - The company aims to pursue four design-ins with automakers in 2025, with projected annual revenue expected to be between $2 million and $5 million, weighted towards the end of the year [25] Management's Comments on Operating Environment and Future Outlook - Management noted that while broader economic shifts have led to delays in automakers' rollout of advanced driver assist systems, the total addressable market continues to expand [24] - The company expressed confidence in its market potential, supported by recent fundraising initiatives totaling nearly $17 million [15] Other Important Information - As of December 31, 2024, the company had $24.6 million in cash and equivalents. Following a recent fundraising round, the current cash balance is approximately $73 million [23][35] Q&A Session Summary Question: What programs are expected to drive $1 million-plus revenue quarters towards the end of 2025? - Management identified three leading projects in final stages: Tianyi (non-automotive), trucks in Europe, and a project with HiRain for a Chinese car manufacturer, expecting to start shipping chips upon full production [31] Question: What is the current cash balance and share count post-fundraising? - The current cash balance is above $70 million, approximately $73 million, with a share count of 85.7 million [35][38] Question: Can you provide an update on the China EV market opportunity? - The company noted that Chinese car manufacturers are focusing on launching self-driving services and are looking for radar solutions to enhance their capabilities [39] Question: What is the status of discussions with OEMs? - Management indicated that evaluations with OEMs are in final stages, with the company shortlisted against one or two competitors, highlighting advantages in performance and pricing [45] Question: What is the outlook for operating expenses over the next few years? - The company expects operating expenses to remain similar in the next couple of years, with additional investments in next-generation technologies projected to increase expenses by $5 million to $15 million [47]