China Calls for Smart Driving Vigilance After Fatal Xiaomi Crash
Signs saying the use of smart-driving systems are banned, or suggesting drivers deploy them with caution, were spotted by social media users during the April 4-6 long weekend on expressways in Zhejiang, Jiangsu and Anhui provinces, according to local media reports. The Xiaoxiang Morning Herald also cited Anhui traffic police telling the public to avoid using advanced driver technology if possible.
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Yahoo
3 hours ago
- Yahoo
Tesla needs Elon Musk: Why investors awarded Musk $29B in stock
Tesla (TSLA) shareholders approved an award of $29 billion worth of stock for CEO Elon Musk, the world's richest man. Great Hill Capital chairman and managing member Thomas Hayes joins the Yahoo Finance team on Opening Bid to discuss Musk's latest compensation. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. It's interesting the board said that we needed to give him this grant to keep him focused on Tesla. I mean, he's got 13% of a trillion dollar company. That's 130 billion round numbers, close to half of his net worth. I don't know that he needs that to keep him focused on Tesla, but maybe they need to keep him in the picture. Uh, and that's exactly what they're doing here. I mean, with the EV tax credits going away, you're seeing the big three pivot away from EVs towards hybrids. And ex Chinese EV companies, I think Tesla is going to be the last man standing. Uh, and they do need Elon Musk, and they do need to pivot the company towards humanoid robots and towards robo taxis for it to continue to grow into its current valuation, because the EV numbers haven't been great, and they're not going to get much better. Thomas, what bothers me about this is, um, so Elon may stay until 2027. Dan Ives thinking 2030. Yet we still have no clear plan on succession. Or am I wrong to care about that? Or does it even matter? Is Elon Musk still driving the story? No pun intended. I think it's another equity grant in 2027 or 2030. Look, Tesla is Elon Musk. Elon Musk is Tesla. You take him out of the picture, all that premium goes away. He's the innovator, he's the guy who slept on the factory, he's the guy who took it out of bankruptcy, he's the guy who got the government to give him all the subsidies. Uh, without Elon, candidly, I don't think there is a Tesla. So, uh, they got to give him what they got to give him to keep him focused, to keep him staying, to true up what he was already promised in 2018 and what he delivered on in terms of performance. So, uh, to be continued, he'll be getting more stock uh, to keep him in 2030. That's for sure, unless the humanoid and the robo taxis takes off on a life of its own that uh, uh, it's so spectacular. It doesn't matter who runs it. You know, Buffett said, uh, buy a company that's so great that even a ham sandwich could run it because one day a ham sandwich will run it. Uh, Tesla is nowhere near that point, but maybe if the technology is strong enough, uh, four or five years out, uh, we can have a different conversation. And as maybe that conversation is maybe the thing or the person, or whatever it is that succeeds Elon Musk, maybe it's just one of his robots. Maybe that's what we're looking at here. Perhaps, and maybe, I mean, I think that Tom has a point that Tesla definitely is Elon Musk. This is a company that's run by a bigger than life sort of force, so to speak, when it comes to Elon Musk. And he has, he's running other companies as well. I mean, if you take a look at Neurolink, SpaceX, uh, putting internet access in remote areas. So really, when you're looking at Tesla, you are also looking, we've seen Tesla be sort of a cultish stock, so to speak, throughout the pandemic. I think that continues because you are betting on Elon Musk, and it's kind of hard to bet against somebody that is leading so many other companies as well. It's it's interesting that this, um, compensation comes sort of, it's it's, it's kind of doubtful that he would be leaving Tesla, right? I mean, when investors think about Tesla, uh, you you don't really necessarily think that Elon Musk would be leaving the company, so to speak, because he is spearheading this new direction towards these robots, towards robo taxis. I mean, it's a clear pivot that the company is doing, and you don't imagine anyone else leading it but Elon Musk. Or maybe that robot in his. Let's just be honest. That's where things may be headed here. I mean, you don't have to pay probably pay this robot. Related Videos Why Berkshire Hathaway may face 'pressure' to pay cash dividend Musk's $29B award, Figma nosedives, OpenAI nears 700M users Elon Musk's $29B award may raise board independence concerns Wilbur Ross–backed BPGC taking iRocket public via $400M SPAC Erro ao recuperar dados Faça login para acessar seu portfólio Erro ao recuperar dados Erro ao recuperar dados Erro ao recuperar dados Erro ao recuperar dados
Miami Herald
7 hours ago
- Miami Herald
Tesla Won't Like New Sales Figures in Challenging European Countries
Tesla registrations fell in several significant European countries during July, including France, Denmark, and Sweden, for the seventh consecutive month. The electric automaker registered 1,307 new vehicles in France during July, down 27% year-over-year. In Denmark, Tesla sold 336 cars, representing a 52% annual decline. Swedish Tesla sales during July were especially bleak at 163 vehicles, an 85.8% year-over-year drop. The company's Model Y SUV revamp was supposed to drive sales, which included the release of a long-range four-wheel drive version in March and a rear-wheel drive variant in May, but it failed to do so. In July, Denmark Model Y registrations decreased by 49%. The fallout from Elon Musk's political presence, regulatory hurdles, and tough competition from Chinese and European brands are all creating Tesla's perfect storm of adversity on the continent. Regarding regulatory hurdles, Musk said during Tesla's Q2 earnings call in late July that the company's European sales would "significantly" improve once Tesla can fully deploy its semi-autonomous Full Self-Driving (FSD) software. Musk added: "This is a very important point to convey. We have been working with the Netherlands, and I think we are close to getting [FSD] approval there," according to EV. Different legal frameworks have partly contributed to FSD approval in the European Union (EU) taking longer than Tesla would like, as the EU requires a more precise definition of who's at fault in a self-driving crash. Tesla also needs approval from each country, and different nations have varying opinions on autonomy. The EU generally limits self-driving approval to Level 2 systems, aligning with FSD. While Mercedes-Benz became the first automaker allowed to enable Level 3 autonomy in the EU, it's only approved on the highway at a lower speed than the autobahn's average pace. Mercedes-Benz's Level 3 system also uses LiDAR (light detection and ranging) technology, which is more expensive but often considered more capable than Tesla's self-driving system, relying on cameras and several neural networks or deep learning systems. In July, car sales were up 20% in Denmark and 6% in Sweden, but Tesla faces unique challenges in countries like France, where new vehicle registrations fell 8% year-over-year, according to Reuters. During June, France's car sales slid 6.7%, while Tesla's sales there dropped 10%. In Q2 as a whole, Tesla's registrations in France declined 67%. While France's downward auto sales aren't limited to Tesla, the automaker's struggles in the nation stand out. Tesla's market share in France has fallen from 1.6% in 2024 to 0.9% in 2025, outpacing the overall European market's decline of 7%. Additionally, hybrid cars represented nearly 50% of France's new car registrations in Q1, a 24.7% increase from last year. Tesla is up against France's 6.6% decline in new battery electric vehicle (BEV) purchases during Q1, where the segment held an 18.2% market share. The average age of cars in France also reached a new high of 11.3 years in 2025, according to Futura Sciences. Elon Musk's position appears to be that FSD availability across Europe will largely reverse the company's negative course in several of the continent's key markets, but regulatory hurdles aren't the only factor holding Tesla back. Tesla is also dealing with increased pressure from Chinese competitors, a lack of affordable options, and continued backlash from Musk's politics. Production of Tesla's first affordable model, a stripped-down Model Y, is set to begin next quarter, later than expected, while low-cost Chinese electric models are already flooding into Europe. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
CNBC
8 hours ago
- CNBC
Baidu plans to expand its robotaxis to Europe with Lyft deal
Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally. The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have "thousands" of vehicles across Europe in the "following years," the two companies said. Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company FreeNow, which is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France. Deployment of the autonomous cars is "pending regulatory approval," Lyft and Baidu said in a Monday statement. It's unclear if Lyft will offer Baidu's robotaxis via the FreeNow app or another product. The partnership marks a continued push from Baidu to expand its robotaxis to international markets. Last month, Baidu partnered with Uber to deploy its autonomous cars on the ride-hailing giant's platform outside the U.S. and mainland China, with a focus on the Middle East and Asia. In China, Baidu has been operating its own robotaxi service since 2021 in major cities like Beijing, allowing users to hail an Apollo Go car through the app. For Lyft, the deal with Baidu could add a point of differentiation in Europe, pitting it against rivals such as Uber and Bolt as it looks to gain a foothold in the region. Autonomous vehicles have become a big focus for ride-hailing companies which have looked to partner with companies that are developing the technology for driverless cars. In the U.K., a market that Lyft is targeting, Uber this year partnered with self-driving car technology firm Wayve to launch trials of fully autonomous rides starting in spring 2026.
