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Stockreport

California may halt Tesla sales due to ‘false advertising' in use of term ‘Autopilot' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a previous administrative law judge's findings. However, it said Tuesday it was pausing that action for 90 days in order to continue negotiations with the electric vehicle maker. It said in a statement that Tesla cars do not live up to the promise suggested by the term “Autopilot” because they are not capable of operating as truly autonomous vehicles. The DMV first brought action against Tesla in 2023 on the use of the term “Autopilot” and the two parties have been unable to reach an agreement. Now, if Tesla wants to avoid the halt of sales, it will likely need a court to block the DMV's action. “Tesla can take simple steps to pause this decision and permanently resolve this issue,” California DMV Director Steve Gordon said in a statement. Tesla and its CEO Elon Musk have frequently made ambitious claims about the capability of its cars, and those claims have hel [Read more]
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Stockreport

California may halt Tesla sales due to ‘false advertising' in use of term ‘Autopilot' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a previous administrative law judge's findings. However, it said Tuesday it was pausing that action for 90 days in order to continue negotiations with the electric vehicle maker. It said in a statement that Tesla cars do not live up to the promise suggested by the term “Autopilot” because they are not capable of operating as truly autonomous vehicles. The DMV first brought action against Tesla in 2023 on the use of the term “Autopilot” and the two parties have been unable to reach an agreement. Now, if Tesla wants to avoid the halt of sales, it will likely need a court to block the DMV's action. “Tesla can take simple steps to pause this decision and permanently resolve this issue,” California DMV Director Steve Gordon said in a statement. Tesla and its CEO Elon Musk have frequently made ambitious claims about the capability of its cars, and those claims have hel [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS