A Tesla robotaxi inexplicably drove into a parked car
According to DirtyTesla, there were no serious injuries or damages and the robotaxi's safety monitor eventually swapped to the driver's seat and drove off. Although the sideswipe was minor, it's unclear what caused the Tesla to drive into the parked car instead of driving off normally after completing the ride.
Outside this incident involving another car, other invited guests have shared their unexpected experiences with Tesla's robotaxi service. So far, we've seen the robotaxi service abruptly stop for emergency lights that aren't on the road and briefly drive on the wrong side of a double yellow line. It's important to note that Tesla's self-driving software relies mostly on cameras and artificial intelligence. That's unlike some of its competition, like Waymo, which uses a combination of cameras, lidar and radar for its robotaxi service. However, Waymo isn't without its own incidents, one of which led to a voluntary recall of its fleet in Phoenix, Arizona, following a collision with a telephone pole last year. More recently, Waymo issued another recall for its robotaxis, which were reportedly prone to hit roadway barriers that are harder to see.

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New York Post
18 minutes ago
- New York Post
Elon Musk's Tesla loses top North American sales executive: report
Tesla's top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The vice president of sales, service and delivery in North America – Tesla's biggest market – Jones has been with the company for 15 years. Tesla and Jones did not immediately respond to Reuters' requests for comment. Troy Jones, Tesla's top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company. REUTERS Shares of Tesla fell more than 1% following the report. The reported exit comes at a time when Tesla is grappling with flagging sales, as demand in Europe and North America crumble amid Tesla's aging vehicle line-up and increased competition from rivals offering more affordable alternatives. Tesla has seen a wave of high-level executive departures since early last year, including key figures like CEO Elon Musk's confidant, Omead Afshar, chief battery engineer Drew Baglino and global public policy head Rohan Patel. The head of Tesla's Optimus humanoid robot team, Milan Kovac, announced he was leaving in June, and top battery executive Vineet Mehta did so in May. Elon Musk's Tesla has seen a wave of high-level executive departures since early last year. Getty Images Their departures, along with others in legal and supply chain leadership, have raised questions about internal stability at the company as it navigates a sales slump and a shift to robotics and self-driving technology.
Yahoo
38 minutes ago
- Yahoo
1 Thing That Matters Most for Tesla Stock Investors
Tesla shares have boosted investors' portfolios in the past decade, as they seem to always trade at a steep valuation. The current P/E ratio implies monster success down the road with full self-driving technology and a robotaxi service. In recent years, Tesla has been a struggling car maker, which shows glimpses of the company's true nature. These 10 stocks could mint the next wave of millionaires › While it has taken investors on a bumpy drive, no one can deny that Tesla (NASDAQ: TSLA) has worked out to be a wildly successful stock. In the past 10 years, shares have rocketed 1,700% higher (as of July 10). The company's revenue growth has slowed, to be sure, but Tesla is now consistently profitable, which is a positive development. Even though the business might not be firing on all cylinders right now, the market continues to give Tesla the benefit of the doubt. Shares trade 35% off their peak from December last year, but they're very expensive, at a price-to-earnings (P/E) ratio of 170.4. It seems that Tesla is always at a nosebleed valuation regardless of what's going on with the underlying fundamentals. Existing shareholders, as well as those investors looking to buy the electric vehicle (EV) stock, need to understand what's going on. Here's what matters most as we look at Tesla's future. Anytime there's a valuation as high as Tesla's, it's a clear indication that the market believes the future will be incredibly bright. And that's exactly what founder and CEO Elon Musk has gotten shareholders to believe. In this case, the main thing to focus on is its full self-driving (FSD) technology, which is what Tesla's ultimate success and current valuation depend on. After many delays, Tesla finally introduced a robotaxi service in Austin, Texas in June. It was a very limited and controlled launch to a select number of people in a small area. The cars, which had supervisors in them, did make driving errors. However, the company deserves credit for getting to this point, even though it's significantly behind Alphabet's Waymo in the FSD and robotaxi race. The financial reward of one day bringing a robotaxi service to cities across the world is massive. So, it makes sense why Musk and Tesla are so focused on this top objective. According to Cathie Wood and Ark Invest, this is a multitrillion-dollar opportunity. To make Tesla's strategy a success, it involves not only selling more of its EVs but having these people offer up their cars to the robotaxi service. In this way, Tesla would be able to rapidly scale up its fleet, earning what could be very high-margin revenue if it can chip away at the leading market positions of Uber and Lyft, at least in the U.S. And if FSD can bring down the cost of travel, then perhaps demand would grow meaningfully, providing upside to the equation. Investors need to realize that it's far from a certainty that Tesla achieves broad robotaxi adoption. Up until this point, Musk has overpromised and underdelivered. There are obviously major regulatory hurdles to overcome, with safety being the leading concern. And riders must get comfortable sitting in a car that has no one behind the wheel (or no wheel at all). These are big question marks that no one has answers for at this point. Time will tell how things play out. This means that investors who are comfortable buying the stock today are implying that Tesla will find monster success with its FSD capabilities, enough so that the company's earnings power will be substantially higher five or 10 years from now. That's a bet I'll gladly skip out on. There remains a good possibility that Tesla's business model doesn't change. And in the future, this company could still be selling EVs. In that scenario, something the Tesla bulls would not be pleased with, Tesla would be deserving of a much lower P/E multiple. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $427,709!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,087!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $671,477!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of July 14, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Tesla, and Uber Technologies. The Motley Fool recommends Lyft. The Motley Fool has a disclosure policy. 1 Thing That Matters Most for Tesla Stock Investors was originally published by The Motley Fool Sign in to access your portfolio

Yahoo
38 minutes ago
- Yahoo
Tesla's North America sales chief departs amid sales slump
-- Tesla (NASDAQ:TSLA)'s top sales executive in North America, Troy Jones, has left the company after 15 years, according to a report from the Wall Street Journal, citing people familiar with the matter. Jones, who served as vice president of sales, service and delivery in Tesla's largest market, is the latest high-level executive to depart the electric vehicle manufacturer as it faces a steep drop in sales. This exit follows the departure of Omead Afshar less than a month ago. The executive changes come at a challenging time for Tesla as the company grapples with declining sales in its key markets. Related articles Tesla's North America sales chief departs amid sales slump - WSJ Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Buy this massive AI stock into upcoming Q2 print: Morgan Stanley