- Tesla Inc. AI software chief Ashok Elluswamy praised Full Self-Driving V14 after a vehicle successfully avoided a highway collision at 82 mph.
- The software reported 1.48 million active subscriptions in the second quarter, marking a 56% year-over-year increase amid ongoing regulatory scrutiny.
- Tesla's stock rose 0.37% to $343.52 during pre-market trading on Monday following the event.
- WETOX launched the D2 power adapter to provide vehicle-to-load capability for millions of existing electric vehicles like Teslas and Ford Mustang Mach-Es that lack native bidirectional power.
- The product earned the world's first Next-Gen V2X certification from SGS, leveraging the company's 4 years of V2L development experience for North American and European markets.
- The company launched the adapter via a Kickstarter campaign, which has successfully raised over $120,000 from backers.
- Nevada’s Transportation Authority granted Tesla a permit to operate a driverless vehicle fleet in Las Vegas while capping the initial size at 10 cars instead of the requested 5,000.
- The approved permit restricts Tesla to a specific geofenced area on the Strip with a 45 mph speed limit and bans pickups at Harry Reid International Airport.
- The regulatory decision significantly scales down Tesla’s original application filed in June, which sought coverage for all of Clark County during the first 12 months.
- Andreessen Horowitz partner Josh Elman criticized California politicians, warning that proposed wealth tax policies risk driving startups and founders out of the state.
- The debate centers on a November ballot measure proposing a 5 % tax on individuals worth over $1 billion to raise funds for healthcare.
- Critics like Elman and Mark Cuban argue that such policies could prompt companies to relocate, mirroring the previous headquarters moves of Tesla and SpaceX to Texas.
- Tesla, Inc. experienced recent institutional ownership adjustments, insider stock transactions, and a series of analyst rating updates reflecting varied market sentiment.
- The company reported its quarterly financial results with revenue reaching $ 28.24 billion alongside mixed performance metrics and strategic technology initiatives.
- Market developments included joint semiconductor project commitments with SpaceX, new product catalysts, vehicle safety recalls, and fluctuating regional retail sales figures.