$TSLA (-2,81 %) . $GOOGL (-1,34 %)

Shortly before the launch of the new robotaxi service, a surprisingly honest statement provides a deep insight into the company's true capabilities.

By Hannah Klaiber

01.06.2025, 16:50

In a rare moment of candor, Ashok Elluswamy, Head of AI and Autopilot Software at Austin, Texas-based car manufacturer Tesla, has admitted to being significantly behind the competition in terms of technology. Speaking to a journalist, Elluswamy admitted that Tesla's technology for fully autonomous driving (FSD) lags behind that of Waymo, a subsidiary of Google parent Alphabet from Mountain View in the US state of California.

The head of AI said: "Technically, Waymo is already capable. We are perhaps a few years behind." This statement provides a remarkable categorization, as Waymo is already considered the "gold standard" of autonomous driving and operates commercial robotaxi services in several US cities. First reported by InsideEVs.

Vision vs Lidar: Which solution is better?

At the heart of the gap lies a fundamentally different technological philosophy. Tesla is known to rely on "Tesla Vision", an approach that relies solely on data from cameras, which, according to Elluswamy, only cost between one and ten US dollars each.

Waymo, on the other hand, equips its fleet with lidar and radar sensors in addition to cameras. These were long regarded as extremely expensive, but according to industry observers, the cost of lidar units has now fallen to less than 1,000 dollars, which makes their use in cheaper vehicles possible in principle.

Elluswamy defends Tesla's path as the "more valuable to the world", as a low-cost solution allows for faster scaling. However, he admits that it is "technically challenging" to solve the problem of autonomous driving with cameras alone. Corresponding tests are repeatedly posted on social media, for example on ex-Twitter X:

Business Insider magazine observed in a test just how challenging Tesla's alternative approach can be: According to it, a Tesla with FSD software activated had driven into a bicycle lane and run a red light, while a Waymo mastered a comparable route flawlessly.

A reality check for Musk's robotaxi plans

Elluswamy's admission puts another damper on Tesla boss Elon Musk's ambitious plans. Musk has been promising an imminent autonomy revolution for years and wants to launch his first robotaxi service in Austin as early as next month.

The realistic assessment of his own AI boss now raises the question of how efficient this service will really be in the beginning. In any case, it fits seamlessly into a series of postponed schedules. For example, a fully autonomous journey from coast to coast in the USA was already promised for 2016. So far, that has not happened.

https://t3n.de/news/wir-liegen-jahre-zurueck-tesla-ki-robotaxi-1689325/

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week:

https://youtube.com/shorts/det1ceIqZZE?si=_Cl6UOWgFknDbe4D

Sunday:

Trump withdraws the 50% tariff demand after just a few days and postpones it until July 9. The markets thank him. Although there is trading here in the EU on Monday, the stock exchanges in the US remain closed.

https://www.zdf.de/nachrichten/politik/ausland/von-der-leyen-trump-handelsstreit-eu-usa-100.html

Tuesday:

Car sales in Europe pick up slightly. $TSLA (-2,81 %) Tesla, on the other hand, continues to lose ground. Elon Musk's political involvement is likely to affect Tesla's sales in Europe for years to come. BYD has also overtaken Tesla in Europe.

https://www.handelsblatt.com/unternehmen/industrie/autoverkaeufe-eu-automarkt-mit-leichtem-plus-tesla-rutscht-weiter-ab/100131136.html

Thursday:

US court partially ends Donald Trump's tariff orgy. It is not yet 100% clear whether this is the final end to the tariffs or just a temporary halt; the US government can probably switch to other ways of enforcing tariffs relatively easily. The market can therefore take the G

https://www.instagram.com/p/DKOy0x8Nm4J/?igsh=MWN4bDg5dXR6MmlsbA==

The US economy is shrinking, albeit less sharply than feared. The annualized decline in the first quarter was 0.2%.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-us-wirtschaft-schrumpft-zu-jahresbeginn-weniger-stark/100131747.html

Friday:

Today there was data from the Tokyo Consumer Price Index, at 3.6% YoY the price increase was just above the expectation of 3.5%. The Tokyo Consumer Price Index excluding fresh food captures price changes of goods and services in the Tokyo region, excluding fresh food, whose prices are highly weather-dependent and therefore particularly volatile. The index is published monthly by the japanischen Statistikamt published monthly. As it is published much earlier than the national CPI, this value also serves as an early indicator of national inflation.

https://www.wallstreet-online.de/wirtschaftskalender

These are the most important dates for the coming week:

Monday: 16:00 ISM economic data (USA)

Tuesday: 21:30 Car sales (USA)

Wednesday: 14:15 ECB interest rate decision (EUR)

#wirtschaftsdaten
#autos
#usa
#ezb

Boeing settles with US government for 1.1 billion dollars

Following the tragic crashes of two 737 Max airplanes, Boeing has reached a settlement $BA (-1,24 %) has agreed a settlement with the US government. The company will put 1.1 billion dollars, or almost one billion euros, on the table. This is in exchange for the criminal charges against the company being dropped. This agreement follows the crashes in which a total of 346 people lost their lives. While the decision still needs the approval of a judge, relatives of some of the victims are disappointed with the settlement. They consider a trial against Boeing to be crucial for dealing with the incidents. In particular, the Trump administration has rejected an earlier agreement with the Biden administration that required Boeing to plead guilty and accept responsibility. The situation surrounding Boeing raises many questions, particularly about safety standards and the responsibility of large companies in times of crisis.

Tesla sales slump massively in Europe

In Europe, things are looking anything but rosy for Tesla $TSLA (-2,81 %) is looking anything but rosy. In April, the electric car manufacturer's sales figures fell drastically by over 52 percent compared to the same month last year, which corresponds to modest sales of just 5,475 vehicles in the EU. The first four months of 2025 did not bring any relief either, with a decline of 46.1 percent and only 41,677 electric cars sold in total. Competitors from Europe and China are taking advantage of this weakness to push Tesla into the rear-view mirror. In April, Tesla was overtaken by ten manufacturers, including Volkswagen and BMW. Volkswagen in particular doubled its deliveries of electric vehicles in the first quarter and is now clearly on course to overtake Tesla. The Chinese manufacturer BYD has also overtaken Tesla in the all-electric drive segment on the European market. German manufacturers are benefiting from their excellent reputation for quality and reliability, which could be crucial in times of economic uncertainty.

Sources:

https://www.n-tv.de/wirtschaft/Boeing-einigt-sich-nach-737-Abstuerzen-mit-US-Regierung-article25790202.html

https://www.n-tv.de/wirtschaft/Tesla-Verkaeufe-brechen-im-April-massiv-ein-article25795118.html

$TSLA (-2,81 %) is about to launch its long-awaited Robotaxi service in Austin on June 12. A milestone in Elon Musk's plan to reshape the company around autonomous vehicles and artificial intelligence.

Source: https://www.bloomberg.com/news/articles/2025-05-28/tesla-targets-june-12-launch-of-robotaxi-service-in-austin

$NVDA (-1,5 %)
$PLTR (-2,09 %)
$GOOGL (-1,34 %)
$AMD (-0,88 %)
$AMZN (-1,38 %)
$TSLA (-2,81 %)

What do you think? Where will these stocks be in 10 years

I am curious

The figures from $1810 (+2,19 %) are good but $TSLA (-2,81 %) is unstoppable . I would have liked to see this performance at $1810 (+2,19 %) seen

E-car sector in transition - Tesla slips further

VW doubles e-car deliveries

Tesla $TSLA (-2,81 %)slips further - VW on the upswing

• The US electric car manufacturer Tesla is still unable to capitalize on the upswing in the European electric car market.
• In April, the company of controversial CEO Elon Musk suffered another severe setback.
• Once again, new registrations in the European Union plummeted, this time by more than half, according to data from the European manufacturers' association Acea.
• After the first four months of the year, Tesla had to cope with a drop of a good 46 percent to just 41,677 cars.
• Although the EU car market as a whole has been treading water so far this year, the electric car market in particular is picking up strongly again after last year's weakness.
• In the first four months of the year, 15.3% of new registrations in the EU were battery-powered cars, compared to just 12% a year earlier.
• In terms of units, growth amounted to over a quarter.

VW $VOW (-1,47 %)doubles e-car deliveries

• Tesla is coming under increasing pressure in a market for which the controversial entrepreneur Musk has set up his so-called gigafactory in Grünheide, just outside Berlin, and invested billions in.
• Not only is Volkswagen now getting up to speed with its electric cars and is miles ahead of Tesla - the Wolfsburg-based company more than doubled its deliveries of purely electric vehicles in Europe in the first quarter.
• The Chinese electric world market leader BYD ("Build Your Dreams") is also breathing down Musk's neck - what's more, it has now overtaken him in Europe in terms of pure electric drives (BEV - battery electric vehicles).
• According to data from market researchers at Jato Dynamics, this was the case for the first time in April.

BYD $1211 (-1,7 %)from China overtakes Tesla

• In Jato's figures - which cover 28 countries instead of just the EU - BYD came in a hair's breadth ahead of Tesla with 7,231 cars in April.
• Despite the small lead, Jato analyst Felipe Munoz spoke of a "turning point" for the European car market, especially as Tesla has been leading the market for years and BYD only really got going late.
• BYD is currently relying heavily on dealers' own registrations and sales to car rental companies, as data from the Federal Motor Transport Authority shows for Germany, the largest car market in the EU.
• In the first four months, only just under twelve percent of the 2,791 newly registered BYD models in Germany went to private owners.
• It is true that sales to companies in Germany generally account for the lion's share of registrations for other car manufacturers too.
• However, the proportion of private buyers at BYD is very low: Mercedes, for example, accounts for almost 37 percent and the VW Passenger Cars brand for around 26 percent.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Deutsche Wohnen SE € 0.04

• Quarterly figures / company dates USA / Asia
• 15:00 Merck & Co AGM
• No time specified: Qualcomm Deadline for decision on a firm bid for Alphawave IP Group

• Quarterly figures / Company dates Europe
• 07:00 Adler Group | paragon Quarterly figures
• 07:30 Datagroup quarterly figures
• 10:00 Bechtle | Daimler Truck | Fraport | Hensoldt | Kion | Zalando | Baywa | Deutsche Beteiligungs AG | Medios AGM
• 10:30 Indus Holding AGM
• 13:00 Roche Diagnostics Investor Day 2025
• 14:00 Krones AGM
• No time specified: Heidelberg Materials Capital Markets Day

• Economic data

08:00 DE: GfK Consumer Climate Indicator June FORECAST: -19.6 points previously: -20.6 points

08:45 FR: Consumer prices (preliminary) May PROGNOSE: +0.1% yoy/+0.9% yoy previous: +0.6% yoy/+0.8% yoy HICP PROGNOSE: +0.1% yoy/+0.9% yoy previous: +0.7% yoy/+0.9% yoy

11:00 EU: Economic Sentiment Index May Eurozone Economic Sentiment Forecast: 94.0 Previous: 93.6 Eurozone Industrial Confidence Forecast: -10.5 Previous: -11.2 Eurozone Consumer Confidence Forecast: -15.2 Previous: -15.2 Previous: -16.6

14:30 US: New orders for durable goods April FORECAST: -7.8% yoy previous: +9.2% yoy

16:00 US: Consumer Confidence Index May PROGNOSE: 86.0 previous: 86.0

$TSLA (-2,81 %)

A car is driving along a country road, the driver is relaxed. Suddenly, the steering wheel turns automatically and the car plunges into the ditch. The driver? Was just a passenger at that moment. That's what happened.

By Dieter Petereit

24.05.2025, 20:15

An incident in the US state of Alabama in which a Tesla Model 3 with "Full Self-Driving" (FSD) activated rolled over is currently causing a stir. As Electrek reports, the vehicle left the road for no apparent reason, collided with a fence and landed on its roof. The driver "Wally" escaped with minor injuries.

"I was on my way to work and had Full Self-Driving on," Electrek quotes him as saying. "The steering wheel suddenly started to turn quickly, the car went into the ditch, hit a tree and overturned. I didn't have time to react."

That would be very worrying: shadows as the cause of the accident?

The Tesla was equipped with the latest hardware 4 and a current FSD software version (v13.2.8). An official cause of the accident is still pending, but a controversial theory is being discussed in the community. In a much-noticed thread on Reddit, users speculate that the system may have misinterpreted the shadows of trees on the road as an obstacle and initiated an abrupt evasive maneuver.

The connection to the installed technology is piquant. Last year, we at t3n already reported on various problems and an increased error rate in the Hardware 4. It is unclear whether there is a connection to the current crash, but it raises further questions about the reliability of the platform.

Not an isolated case: Tesla's controversial autopilot software

The incident is the latest in a long series of incidents that have raised doubts about the safety of Tesla's driver assistance systems. According to a report by Manager Magazin, Autopilot was involved in over 700 accidents with 17 fatalities in the USA alone by mid-2023. The technology has also been criticized in Germany; the Federal Motor Transport Authority (KBA) in Flensburg has already launched investigations into the problem of so-called phantom braking.

In contrast, the electric car manufacturer Tesla from Austin, Texas, regularly refers in its official vehicle safety report to a significantly lower accident rate when driving with Autopilot activated compared to driving without assistance. However, critics criticize the methodology of this data collection and the misleading term "Full Self-Driving", which suggests a lack of autonomy.

The current crash underlines the serious discrepancy between marketing promises and technological reality. It shows that even the latest systems can still fail due to everyday phenomena such as a shadow being cast. Drivers are left with the bitter realization that they cannot rely on the technology, but may not even have the chance to intervene at the crucial moment.

https://t3n.de/news/tesla-fsd-crash-schatten-ursache-1689510/

Hello Getquins,

As always, I'm starting my summer a little early with a vacation. This time it's not Asia but surprisingly :-) the USA.

As it's my first vacation in this country (otherwise only on business) I'm taking advantage of other opportunities, not just the company and hotel.

$ROST (-1,06 %) The shares of the company are very strong here and were not known to me as a share, the turnover, profit and share price in the past are very lucrative.

My investment $PEP (-0,33 %) I hardly see here except for sweets like Lay Chips but $KO (-0,5 %) is the leading beverage here.

I have $TSLA (-2,81 %) and am surprised at the company empire, the South African is doing (almost) everything right. His company Space X (now also rockets), the Boring Company opposite and batteries under construction for houses, companies and cities are a large portfolio.

They build like mad here, whether streets $CAT (-1,06 %)

$DE (-0,71 %) or entire residential areas with several hundred houses.

The integration of South Americans has been properly implemented here, you can see them working in construction, with the cleaning crew or as handymen in the trades. Whether this will work in Europe with state support is questionable, but it's a different topic.

Almost 90% of people here have $AAPL (-1,2 %) iphone, $F (-1,22 %) pickups or $GM (-1,41 %) a few European ones can also be seen here $VOW (-1,47 %)
$BMW (-2,01 %)

The bar culture, restaurants and dinners are very popular.

$BOM

Of course there is a huge $WMT (-1,01 %) and next to it the $CVS (-1,17 %)

Best regards and hope you had Easter or soon Whitsun vacation.

So long

Smudo