Autos
Tesla faces U.S. auto safety probe after reports FSD ran red lights, caused collisions
The tablet of the new Tesla Model 3. Matteo Della Torre | Nurphoto | Getty Images Tesla is facing a federal investigation into possible safety defects with FSD, its partially automated driving system that is also known as Full Self-Driving (Supervised). Media, vehicle owner and other incident reports to the National Highway Traffic Safety Administration […]
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U.S. opens probe into nearly 2.9 million Tesla vehicles over FSD traffic violations
A Tesla Model 3 using autopilot FSD is shown giving a warning on the screen to pay attention while driving on the highway in Palm Springs, California, U.S., Oct. 12, 2024. Mike Blake | Reuters The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla […]
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Ferrari shares plunge 14% after carmaker updates guidance, halves EV sales target
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Bloomberg | Bloomberg | Getty Images Shares of Ferrari plunged more than 14% on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back its electrification ambitions. The Maranello, Italy-based […]
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Auto giant shares tumble as European Union’s new steel tariffs spark industry panic
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest […]
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Billionaire tech investor Orlando Bravo says ‘valuations in AI are at a bubble’
Thoma Bravo co-founder Orlando Bravo said that valuations for artificial intelligence companies are “at a bubble,” comparing it to the dotcom era. But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses. Bravo’s private equity firm boasts more than $181 billion in assets […]
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Tesla releases driver assist tech update ahead of expected major announcement
Tesla announced a new version of its full self-driving supervised technology Tuesday morning, but investors are looking for something bigger. Over the weekend, Elon Musk’s company shared a teaser clip featuring a logo-emblazoned, spinning component that could be anything from a wheel cover to a fan or turbine. The clip ended with the numbers “10/7,” […]
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Inside Rivian’s design factory and the story behind those distinct headlights
Rivian made a name for itself when it unveiled one of the first electric pickup trucks, the R1T, in 2018. It followed that up with an SUV built off the same platform, the R1S, and has since built a passionate fan base around a brand that celebrates adventure and the outdoors. Now it’s preparing for […]
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Ex-Tesla board member reveals how he’s playing the EV boom
There’s one specific trend set to define the automotive industry, according to investor and former Tesla board member Steve Westly: self-driving vehicles. And he says investors should take note. “Waymo and autonomous vehicles are the future, flat out, end of story,” Westly, who sat on Tesla’s board between 2007 and 2010, told CNBC’s “Squawk Box […]
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BYD’s UK sales soar 880%, making it the EV-maker’s largest market outside China
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said. Cfoto | Future Publishing | Getty Images Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%. […]
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Aston Martin shares fall 10% as luxury carmaker issues fresh profit warning on tariff turmoil
The Aston Martin DB12 Goldfinger Edition during the 007 takeover of Burlington Arcade on Oct. 29, 2024, in London, England. Dave Benett | Getty Images Entertainment | Getty Images Shares of Aston Martin fell as much as 10% on Monday morning after the British luxury carmaker issued a fresh profit warning, citing a challenging industry […]
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