- A Tesla owner published footage showing a vehicle running Full Self-Driving v14.1 Lite driving straight over a road log without braking or slowing down.
- The incident occurred on a wet, foggy rural road at 32 mph with the self-driving visualization active on a Hardware 3 vehicle.
- This event highlights ongoing performance issues documented with Tesla's FSD Lite version on older hardware systems.
- Tesla reported a record Q2 revenue of $28.24 billion and 480,126 vehicle deliveries, but adjusted EPS missed estimates at $0.33 due to surging expenses and operating margins compressing to 1.4%.
- Free cash flow plunged to negative $1.09 billion as capital expenditures more than doubled to $5.79 billion to fund aggressive investments in AI, robotics, and the Cybercab.
- Management expects full-year 2026 capital expenditures to exceed $25 billion, fueling ongoing debates over whether heavy spending will yield long-term returns or continue eroding profitability.
- Tesla stock slipped fractionally in Monday trading following a reported incident where Full Self-Driving v14.3.6 nearly steered a vehicle into a ditch at 68 miles per hour.
- In product updates, Tesla released an 80 dollar adapter for the Model Y requiring the Gen 3 Mobile Connector to power devices like laptops and phones.
- Wall Street maintains a Hold consensus rating on TSLA stock with an average price target of 377.43 dollars per share implying an 11.13 percent upside potential.
- Benzinga tracks large-scale investor transactions in the Consumer Discretionary sector to help traders discover new opportunities through abnormal options activity.
- Notable whale alerts include neutral call sweeps for TSLA at a $335.00 strike and bullish call sweeps for AMZN at a $270.00 strike.
- Additional activity features bullish put sweeps for CPNG at a $15.00 strike and neutral put sweeps for MELI at an $1865.00 strike.
- Investor Gary Black warns that Tesla must hire professional marketing leadership instead of relying solely on word-of-mouth and CEO posts to reach higher valuations.
- Black attributes Tesla's five-year stock underperformance and strategic missteps, such as failing to launch a compact vehicle, to an overly dominant engineering mindset.
- He also highlights risks including scaling delays for the robotaxi fleet and potential shareholder dilution from a hypothetical SpaceX merger.
- Benchmark Mineral Intelligence reported that North American electric vehicle sales fell 27 % year-on-year to 140,000 units in July, driven by reduced incentives and shifting federal policies.
- In contrast, European electric vehicle sales grew 33 % to 450,000 units in July, while Chinese sales declined 5 % to 980,000 units.
- Meanwhile, California Governor Gavin Newsom promoted the MyFirstEV program to support adoption, though Tesla quickly exhausted its allocated funds within four days of launch.
- BYD launched the 2027 Seal 06 sedan in China featuring both pure-electric and plug-in hybrid powertrains across 12 variants.
- The new Seal 06 EV starts at 109,900 yuan, approximately $16,500, while the PHEV version is priced from 99,900 yuan, or about $15,000.
- This new model matches the size of a Tesla Model 3 while being offered at roughly half the cost in the Chinese market.
- Investor Gary Black argues that Tesla is losing investor confidence in scaling its autonomy due to slowing deployment targets and safety concerns surrounding its Full Self-Driving technology.
- The argument is supported by Tesla scaling back its goals, shifting from serving half the U.S. population to a slower 10 percent weekly fleet growth rate, while competitors like Alphabet's Waymo operate 4,000 unsupervised vehicles completing over 500,000 weekly rides.
- Black concludes that Tesla's vision-only approach, adopted for economic reasons, forces the company to persist while relying on management assertions becomes risky if safety and scaling challenges persist.