Core Viewpoint - US lawmakers are advancing the SAFE Exit Act, which mandates manual releases for vehicles with electrically powered door handles, potentially affecting designs popularized by Tesla Inc. [1] Group 1: Legislative Progress - The SAFE Exit Act has been forwarded to the full committee by the House Committee on Energy and Commerce during a markup session, but it still faces several legislative hurdles before it can become law [2]. - The bill was introduced by Representative Robin Kelly, aiming to enhance vehicle safety following incidents where individuals were trapped in vehicles with malfunctioning electric door handles [3]. Group 2: Safety Concerns - Reports indicate at least 15 fatalities in incidents where occupants or rescuers were unable to open Tesla doors during emergencies, prompting investigations by the National Highway Traffic Safety Administration into potential defects in Tesla Model Y and Model 3 vehicles [4]. - Representative Debbie Dingell emphasized the urgency of the issue, stating that as vehicles increasingly rely on electronic door latches, a manual backup must be available to prevent fatalities [5]. Group 3: Comparative Legislation - Kelly highlighted that the US is lagging behind China and the European Union in door safety regulations, noting that China has banned concealed door handles [6]. - Congressman Gus Bilirakis expressed support for the bill's intent but suggested that safety experts should be allowed to conduct research to establish flexible standards, avoiding unintended consequences [6].

Group 1 - A US lawmaker is proposing the SAFE Exit Act, which would mandate manual door releases in new cars to enhance safety amid concerns over electrically powered door handles, particularly those used by Tesla [1][3][5] - The proposed legislation requires that electric door systems include a clearly labeled mechanical latch that is intuitive and accessible for occupants, as well as a means for first responders to access vehicles when power is lost [2][5] - The bill has emerged in response to safety risks highlighted by incidents where individuals were trapped in vehicles due to power loss, with at least 15 deaths reported in crashes involving Tesla vehicles [3][4] Group 2 - The National Highway Traffic Safety Administration has initiated investigations into potential defects in Tesla's door systems, particularly in Model Y SUVs and Model 3 vehicles, following claims that emergency releases are not intuitive [6] - In China, transport authorities are proposing new safety standards for electrically powered door handles, which have been linked to fatal crashes involving electric vehicles, including those made by Xiaomi Corp [6] - Tesla has updated its website to indicate that after a serious collision, hazard lights will activate and doors will automatically unlock for emergency access, reflecting an effort to address safety concerns [7]

Core Viewpoint - Tesla Inc. shares experienced a 1.61% increase in after-hours trading following President Trump's announcement of tax deductions for middle-income Americans on interest for electric vehicle (EV) purchases, including Tesla vehicles, as part of the Big, Beautiful Bill [1][4]. Group 1: Tax Deductions and Policy Changes - President Trump stated that middle-income individuals would receive a deduction on interest for purchasing Tesla vehicles, highlighting that many were unaware of this benefit [2][4]. - The tax deduction allows taxpayers to deduct up to $10,000 annually in interest on vehicle loans until 2028, applicable to singles earning up to $100,000 and couples earning up to $200,000 [4]. - The deduction is not exclusive to Tesla and applies to all EVs, which Trump described as an "unbelievable boon for car sales" [3][4]. Group 2: Industry Impact and Automaker Responses - The Trump administration has made several decisions favoring internal combustion engine (ICE) vehicles, including the termination of the $7,500 Federal EV Credit and relaxed Corporate Average Fuel Economy (CAFE) standards [5][6]. - Major automakers like Ford and General Motors have reduced their EV initiatives, with Ford's CEO predicting only 5% EV adoption in the U.S. and GM reporting a significant demand pullback for EVs [6]. - GM announced a $1.6 billion charge related to its EV efforts, indicating financial strain due to the changing policy landscape [6]. Group 3: Tesla's Sales Performance - Tesla's sales have declined significantly, with a 36% year-over-year drop in October, selling only 26,000 units in the U.S. [7]. - The company's Gigafactory in Shanghai reported a 9.9% decline in sales for the Model Y SUV and Model 3 Sedan, with over 61,497 units sold in October, including exports [7]. Group 4: Market Performance and Metrics - Tesla scores well on momentum and quality metrics, showing satisfactory growth but poor value, with a favorable price trend in the medium and long term [8]. - TSLA stock closed at $403.99, rising to $410.50 in after-hours trading [8].

Core Insights - Xiaomi Corp reported its first-ever profit from its EV arm, with overall profits increasing by 80.9% to RMB 11.3 billion (approximately $1.5 billion) in Q3 [1] Group 1: Financial Performance - The company achieved a profit of RMB 700 million (approximately $98.4 million) from its EV division [2] - Overall profits for Xiaomi soared by 80.9% to RMB 11.3 billion (approximately $1.5 billion) [1] Group 2: EV Deliveries - Xiaomi's EV deliveries in Q3 surpassed 100,000 units, reaching 108,796 deliveries [2] - Cumulative deliveries for the first three quarters exceeded 260,000 vehicles [2] - The company opened 402 smart EV sales centers across 119 cities in Mainland China [2] Group 3: Market Context - Xiaomi's growth in the EV sector coincides with a decline in Tesla's sales in the Chinese market, which fell by 36% year-over-year in October [3] - Tesla's Gigafactory in Shanghai sold over 61,497 units of the Model Y SUV and Model 3 Sedan in October, marking a 9.9% decline from the previous year [4] Group 4: Competitor Developments - Xpeng Inc. announced plans to release 3 Robotaxi models next year, emphasizing that its technology does not rely on LiDAR [5] - Xpeng's pilot Robotaxi operations are set to begin in China next year [5]

Core Viewpoint - The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Tesla Model Y SUVs due to reports of inoperable door handles, particularly affecting parents trying to access rear doors to retrieve children [1][2]. Group 1: Investigation Details - The NHTSA's Office of Defects Investigation (ODI) received nine reports from Tesla owners regarding the inability to enter their vehicles, with four instances requiring owners to break a window to regain access [1][2]. - Preliminary findings suggest that the door handles may fail to operate if the electronic locks do not receive sufficient voltage from the vehicle's battery system, although no owners reported low-voltage battery warnings [3]. Group 2: Safety Features and Owner Awareness - Tesla vehicles are equipped with manual door releases located inside the car, which may be difficult for children to access, and some owners may not be aware of their existence [4]. - Restoring power to the electronic door locks is possible according to Tesla's owner manuals, but it involves a multi-step process requiring an external power source [4].