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The Czech Republic has provisionally approved Tesla's Full Self-Driving system. Regulators had previously raised concerns about how the software handled speed limits and whether it ensured drivers were paying enough attention.
This approval is a small but helpful step for Tesla's expansion in Europe. The company is trying to prove its autonomous software can work safely across different sets of road rules, which is necessary if it wants to eventually collect high-margin software fees from drivers globally.
Source: Reuters
Tesla and Sunrun used their network of home batteries to send a record amount of electricity back to the California power grid during a heat wave earlier this month. This "virtual power plant" setup allows the grid to pull energy from thousands of homes when demand is highest. While Tesla is mostly known for cars, its energy storage business is a growing part of the company. Proving that these home batteries can reliably support the public grid makes the product more valuable to both homeowners and utility companies.
Source: GlobeNewsWire
Tesla will operate public charging sites at three new electric-truck depots in California through a partnership with Forum Mobility. The sites will add 30 megawatts of capacity specifically for heavy vehicles, which is enough power to support a significant number of electric semis simultaneously.
This move helps build out the infrastructure needed for Tesla's Semi truck to succeed. Since heavy trucks require much more power than passenger cars, having a reliable network of these high-capacity stations is a requirement for trucking companies to switch away from diesel.
Source: Reuters
The National Highway Traffic Safety Administration, the federal agency that sets safety rules for cars, has given Tesla until September 30 to answer questions about its Cybercab. The agency is investigating whether Tesla followed the proper steps when it self-certified that the autonomous vehicle meets federal safety standards.
This is a key development because the Cybercab is central to Tesla's plan to move from selling cars to running a high-margin self-driving taxi network. Any regulatory friction or delays in getting these vehicles approved for the road could slow down that shift, which is the main reason the stock carries such a high price tag today.
Source: Reuters
Morgan Stanley set a price target of $840 for Tesla, which is significantly higher than the average analyst target of $471. This target reflects a much more optimistic view of Tesla's future value than the current stock price of about $359. Because this was a target setting rather than a change in the firm's actual buy or sell rating, it is a routine update. It shows that some analysts see massive potential in Tesla's move into AI and robotics, even as the broader market remains more cautious.
Source: Morgan Stanley
Management has missed profit targets in half of the last eight quarters, showing that the business is becoming harder to forecast as it shifts focus from cars to AI.
| Expectation | |
|---|---|
| EPS | $0.47 |
| Revenue | $27.55B |