US agency seeks updated responses from Tesla in Autopilot probe
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Volkswagen to launch autonomous vehicles in Texas by 2026
July 6, 2023 2:16 PM EDTGerman auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.
VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More
U.S. regulators press Tesla (TSLA) for updated response in autopilot probe
July 6, 2023 8:50 AM EDTThe National Highway Traffic and Safety Administration (NHTSA) revealed Thursday that the U.S. automotive safety regulator is seeking an updated response and current data from Tesla (NASDAQ: TSLA) regarding an ongoing probe into 830,000 Tesla vehicles and the automaker's Full Self-Driving system (FSD).
The NHTSA sent a letter to Tesla a on July 3rd seeking updates to questions it had asked in August 2022. According to... More
BoA raises estimates on Tesla (TSLA) as volumes 'exceed expectations'
July 6, 2023 8:24 AM EDTBank of America reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target for the stock to $300.00 (From $225.00) as auto suppliers see higher volumes and lower costs so far in 2023.
Analyst John Murphy wrote in a note, Since 2020, the industry, but specifically... More
Citi opens 90-day catalyst watch on BYD
July 6, 2023 8:02 AM EDTCiti Research opened a 90-day positive catalyst watch on Chinese automaker, BYD as analyst Jeff Chung expects the company's 2Q23E NP to reach Rmb5-5.7bn showing a quarter-on-quarter (QoQ) growth of 25-30%.
Additionally, the estimated net profit per vehicle for the second quarter of 2023 is... More
