Tesla faces sales ban in California
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Erin Geter’s toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car.“I was very traumatized,” said the 39-year-old from Huntersville,
A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities.
Gordon said the DMV would give Tesla a 90-day grace period to change its marketing before the state reconsiders a monthlong sales ban and won’t pursue a manufacturing pause at all. “We want to give them a chance — you could argue one more chance — to be able to remedy the situation,” he said.
Musk often brags about how his products are either changing the world now, or will do so in the future. One of his favorite recent topics is Tesla Robotaxi. Tesla has teased its Robotaxi program since Musk first mentioned it in 2016. As recently as last year, Musk claimed there would be 1 million of them on the road by 2025.
With a modest market cap of $22 billion, Rivian is evolving beyond its luxury niche as it gears up for substantial growth in vehicle production with
Tesla stock dropped 4.6% on Wednesday, caught up in the AI selloff, after hitting a record high earlier in the day. Shares traded at $495.28 for the first time.
While Tesla stock hits records on robotaxi hype, Jed Dorsheimer of William Blair says the core EV market is only worth a fraction of the current $480 per share price tag.
Of course, the patent application doesn't specifically mention Starlink, nor has Tesla described any plans to integrate its EVs with Starlink. And companies file patents all the time for products or innovations that never make it to the factory floor. But it's an interesting look into the potential future of connected cars.