California may halt Tesla sales due to ‘false advertising' in use of term ‘Autopilot' [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
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
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- Tesla's car business is only worth $30 a share, analyst warns [Yahoo! Finance Canada]Yahoo! Finance Canada
- Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon [CNBC]CNBC
- Tesla avoids immediate sales halt in California amid autopilot claims [USA TODAY]USA TODAY
- No driver, no problem? Tesla's Robotaxi goes fully autonomous in Austin [USA TODAY]USA TODAY
- Tesla has to rename 'Autopilot' because it doesn't drive itself: judge [Yahoo! Finance]Yahoo! Finance
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