logo
Tesla catches fire, burns inside garage of L.A. County home

Tesla catches fire, burns inside garage of L.A. County home

Yahoo14-05-2025

An investigation is underway after a Tesla parked inside the garage of a Los Angeles County home caught fire and burned overnight.
Montebello firefighters were called to the 1400 block of Loma Road around 12:30 a.m. Wednesday, when they found heavy smoke and fire coming from the garage.
Video from the scene showed a Tesla and another vehicle parked inside the garage as the fire was burning.
Firefighters knocked down the blaze quickly, but it did spread to the roof of the garage and possibly damaged a portion of the home.
Freelance media firm OnScene.TV reported that no one was home at the time of the fire.
Investigators have not announced what caused the fire.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla stock rises as US moves to ease rules for self-driving cybercab
Tesla stock rises as US moves to ease rules for self-driving cybercab

Yahoo

time16 minutes ago

  • Yahoo

Tesla stock rises as US moves to ease rules for self-driving cybercab

-- Tesla (NASDAQ:TSLA) stock rose 2.6%, hitting a session high on Friday after a report that the US government is taking steps to ease regulations that have hindered the deployment of self-driving vehicles without driver controls. According to Bloomberg, the Trump administration is streamlining the exemption process for automakers seeking to deploy self-driving cars designed without traditional steering wheels or brake pedals. This regulatory shift could significantly benefit Tesla's ambitions to launch its robotaxi service. The National Highway Traffic Safety Administration (NHTSA) announced it will simplify the exemption procedure, which previously resulted in processing times that could stretch for years. In a letter posted to its website on Friday, NHTSA Chief Counsel Peter Simshauser stated the agency "anticipates reaching decisions on most exemption requests within months rather than years." Current federal safety standards effectively require new vehicles to include human driving controls, forcing companies developing autonomous vehicles to seek exemptions - a process that has created substantial delays for manufacturers. While Tesla shares climbed on the news, ride-hailing companies Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) saw their shares edge lower, potentially reflecting investor concerns about future competition from autonomous taxi services. The regulatory changes align with Tesla CEO Elon Musk's previously announced plans to develop a fleet of self-driving "Cybercabs" that could compete directly with traditional ride-sharing services. Related articles Tesla stock rises as US moves to ease rules for self-driving cybercab Air India 787-8 accident - What we know so far Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion

Does Rivian's AI-Driven RAP Provide It a Competitive Edge?
Does Rivian's AI-Driven RAP Provide It a Competitive Edge?

Yahoo

time16 minutes ago

  • Yahoo

Does Rivian's AI-Driven RAP Provide It a Competitive Edge?

Rivian RIVN, an American EV manufacturer, has created its advanced driver assistance system (ADAS), known as the Rivian Autonomy Platform (RAP). This in-house platform features a more powerful computing system than that used in Rivian's earlier vehicles and is tailored specifically for its current and future provides Level 2+ autonomy, meaning it supports the driver with alerts and interventions, such as steering corrections and emergency braking, but it never takes full control of the vehicle. The system includes a comprehensive set of ADAS tools, stepping in only when on the R1T and R1S models, RAP's features fall into two main categories: Driving Assist and Active Safety Assist. Driving Assist includes user-activated tools like Highway Assist, Adaptive Cruise Control and Lane-Change Assistance. Active Safety Assist includes automatic features aimed at preventing accidents, such as lane safety, lighting adjustments, parking and reversing aids, and collision mitigation. RIVN carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks the introduction of its second-generation R1 platform, Rivian has significantly upgraded RAP. The vehicles now use a revamped perception system and computing setup, including 55-megapixel cameras and onboard processing power exceeding 200 trillion operations per second. The platform's AI-driven design and vertically integrated hardware allow Rivian to efficiently collect and process high-quality, multi-modal sensor data, giving it a competitive edge in ADAS development. Other automakers like Toyota Motor Corporation TM and Waymo, a subsidiary of Alphabet Inc. GOOGL, and Tesla TSLA are also making progress on the development of their respective autonomous vehicle April, Toyota and GOOGL's Waymo reached a preliminary agreement to explore a collaboration focused on the development of a new autonomous vehicle platform. Toyota and GOOGL's Waymo aim to combine their respective strengths to develop the platform. In parallel, the companies will explore how to leverage Waymo's autonomous technology and Toyota's vehicle expertise to enhance next-generation personally owned vehicles. Tesla's Full Self-Driving (FSD) system is a sophisticated driver-assistance technology designed to allow Tesla cars to navigate various driving conditions autonomously. FSD builds on Tesla's existing Autopilot features and is sold as an optional upgrade. The company has long been a leader in autonomous vehicle development. Tesla released its last major FSD update, v13, in December 2024. Rivian has outperformed the Zacks Automotive-Domestic industry year-to-date. RIVN shares have gained 4.6% against the industry's decline of 18.3%. Image Source: Zacks Investment ResearchFrom a valuation perspective, Rivian appears undervalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 2.47, lower than its industry's 2.64. Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for 2025 and 2026 EPS has moved down 3 cents and up 2 cents, respectively, in the past 30 days. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

EV market registers 9.3% rise in retail margins in May 2025: Dealer Auction
EV market registers 9.3% rise in retail margins in May 2025: Dealer Auction

Yahoo

time16 minutes ago

  • Yahoo

EV market registers 9.3% rise in retail margins in May 2025: Dealer Auction

The electric vehicle (EV) market witnessed a rise in profit margins in May 2025, according to data from Dealer Auction's EV Performance (EVPR). Dealer Auction, an independent company formed through a joint venture between Cox Automotive and Auto Trader in 2020, reported a 9.3% increase in retail profit margins. These surpass the already strong numbers from last month and marking the highest average margin recorded this year so far. The average sold price for EVs increased by more than £2,000 ($2,707) compared to last month while the average mileage dropped to 27,371 miles, below the 30,000-mile mark. The average age of vehicles also fell from 3.4 years to 3.2 years, indicating a preference for younger vehicles among dealers and consumers. Hybrid vehicles experienced a notable boost, with their share of sales rising over 29%, from 5.53% to 7.15%. This growth reflects the increasing popularity of hybrids, as evidenced by the types of models dominating sales charts. Lexus's UX hybrid compact SUV led the pack with the highest-margin model of the year at £4,722, surpassing Tesla's £3,710. Tesla's Model 3 continued its strong performance, securing second place for average margin among pure-electric models. The hybrid Hyundai Tucson made a strong comeback, ranking within the top four across all tables. It was the top seller for the fourth time this year and ranked third for CAP Clean performance with 99.13%, and fourth for margin. The Tucson also topped Dealer Auction's Retail Margin Monitor for the month. Dealer Auction marketplace director Kieran TeeBoon said: 'Dealerships can take great encouragement from these statistics. Not only is it becoming clearer which types of EVs they should sell, but we can see how the market is frequently demonstrating its profitability. "May has been another high-performing month for AFVs. We're seeing growth in profit, sales and consistency in model preferences, all of which is a move in the right direction. It will be exciting to see whether this positive trend continues in next month's figures." "EV market registers 9.3% rise in retail margins in May 2025: Dealer Auction " was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store