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Authorities investigating if Tesla violated safety regulations

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Tesla

California regulators are continuing to investigate the safety of Tesla’s ‘autopilot’ feature


A California regulator says it’s reviewing whether Tesla has violated safety regulations by falsely promoting its advanced driver assistant system as being “full self-driving.”

Tesla’s driver assistant features, which it describes as “Autopilot” have come under growing scrutiny.

It follows a series of accidents and online videos of Tesla cars driving with no one in the driver’s seat

Now Tesla charges $10,000 for its semi-automated features such as lane changing and parking assistance under its full self-driving software.

But the carmaker states on its website that the features do not make the vehicle fully automatic.

Consumer groups and experts have criticised Tesla for misleading consumers.

They also claim the cars don’t drive themselves, saying that Tesla has violated rules.

As for what this means for the Elon Musk owned company – it could lead to the suspension of their occupational license, among other administrative actions.

Elon Musk confirms Tesla safety modifications

This comes after Elon Musk confirmed Tesla is tweaking its self-driving software to eliminate a phantom braking problem.

Musk says Tesla may release a significantly improved version within the next two to three weeks.

US state regulators have been scrutinising Tesla’s semi-automated driving system following accidents in Texas and other areas.

Musk says the two to three week timeframe is right now an estimate – and acknowledged things are hard to predict accurately. 

READ MORE: Elon Musk hypes Tesla’s new self-driving beta modification

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Anticipation builds for US jobs data and it’s global impact

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What to expect on. a global scale as investors brace for key U.S. employment figures.

Investors and economists are eagerly awaiting the release of the latest US jobs data, anticipating its potential impact on global market trends.

The numbers are expected to provide crucial insights into the health of the world’s largest economy and may influence investment decisions and market sentiments worldwide.

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ASX 200 – what are the key market impacts from reporting season?

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What have investors learned as ASX 200 wraps up reporting season?

As the ASX 200 reporting season draws to a close, market participants are analyzing the outcomes and drawing key insights.

From notable earnings reports to unforeseen challenges, the conclusion of this reporting season unveils critical information that will shape investment.

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AI pushes the Nasdaq to a record-breaking close

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The Nasdaq achieved a record-breaking close, surpassing its previous record high of 16,057.44, which was established on November 21, 2021.

Artificial assistance

Artificial intelligence-related technology stocks, such as Nvidia (NVDA.O) and Microsoft (MSFT.O), have greatly boosted the index.

The Nasdaq Composite has increased by almost 7.2% this year.

The tech-focused index surged 43% in 2023, and as chipmakers gained traction and confidence increased that the Fed might achieve a soft landing—that is, curb inflation without inciting a recession—stocks surged strongly by year-end.

In contrast, Nvidia increased by 1.9% on Thursday, bringing its total gain from a year ago to around 250%.

Market boom

Every S&P 500 subs sector saw a gain at the end of the month.

Analysts at Deutsche Bank report that the index has now increased for 16 of the past 18 weeks, matching the record most winning weeks last attained in 1971.

Bitcoin also moved closer to its all-time high.

The price of the virtual currency momentarily surpassed $64,000 as spot bitcoin ETFs helped drive it to heights last seen in 2021.

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