California regulators are threatening to suspend Tesla’s sales license in the state due to misleading marketing of its self-driving features, as concluded by a judge. The ruling determined Tesla’s use of terms like “Autopilot” and “Full Self-Driving” was deceptive. Tesla has 90 days to clarify the limitations of its technology to avoid the suspension. Despite this, Tesla’s stock price hit an all-time high, reflecting investor interest in Musk’s AI and robotaxi efforts.
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In a recent trial, a federal jury found Tesla partially liable for a 2019 crash involving its Autopilot system, awarding the plaintiffs $43 million in compensatory damages and $200 million in punitive damages. The jury determined that Tesla was one-third responsible for the fatal crash, which occurred when the driver and the Autopilot software failed to brake at an intersection. This verdict is a setback for the company, as they are attempting to convince the public and regulators that their self-driving technology is safe. Tesla plans to appeal the decision, maintaining that the driver was solely at fault.
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Tesla stock dropped nearly 4% following a report that the Austin, Texas Gigafactory will halt Cybertruck and Model Y production for a week starting June 30th for planned factory maintenance. This marks the third such production pause in the past year. The shutdown comes shortly before the anticipated June 22nd launch of the Model Y robotaxi in Austin, featuring updated “Full Self-Driving” technology. Tesla has yet to officially comment on the reported production halt.
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John Q. Hosedrinker