Latest news with #Version13
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla China EV sales decline continues in May
Tesla's sales of China-made electric vehicles have continued to decline, marking an eight-month downturn with a 15% year-on-year drop in May, reported Reuters. Deliveries of the Model 3 and Model Y, including both domestic sales and exports, fell to 61,662 vehicles, despite a 5.5% increase from April. The US electric vehicle specialist's sales woes in China were further exacerbated by intense price wars in the world's largest auto market. In an effort to boost sales, Tesla has offered smart assisted driving capability transfers to new vehicles and included Model 3 and Model Y in a government-backed campaign to promote EV sales in rural areas. However, Tesla's challenges are not limited to China. The company has also faced a sales rout across much of Europe last month, attributed to its aging model lineup and CEO Elon Musk's political activities, which may have deterred buyers. In response to the competitive market, Tesla ignited a price war in 2023, drawing in over 40 brands. This aggressive pricing strategy is under scrutiny as China has urged a halt to the bruising price wars. Following Tesla's price cuts, other manufacturers such as BYD, Geely Auto, and Chery have offered fresh incentives, intensifying the competition. Despite the overall decline, Tesla's China-made EV deliveries in May did see a slight increase from the previous month. Meanwhile, BYD, Tesla's biggest rival, reported a 14.1% year-on-year rise in global passenger vehicle sales, although this was a slowdown from April's 19.4% growth. In a strategic move to enhance its advanced driving assistance system (ADAS) in China, Tesla partnered with Baidu in March. Baidu's engineers have collaborated with Tesla's Beijing team to integrate Baidu's mapping data with Tesla's full self-driving (FSD) Version 13 software, aiming to refine the system with more accurate and up-to-date mapping information for navigating Chinese roads. "Tesla China EV sales decline continues in May" was originally created and published by Just Auto, 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.
Yahoo
3 days ago
- Automotive
- Yahoo
Tesla China EV sales decline continues in May
Tesla's sales of China-made electric vehicles have continued to decline, marking an eight-month downturn with a 15% year-on-year drop in May, reported Reuters. Deliveries of the Model 3 and Model Y, including both domestic sales and exports, fell to 61,662 vehicles, despite a 5.5% increase from April. The US electric vehicle specialist's sales woes in China were further exacerbated by intense price wars in the world's largest auto market. In an effort to boost sales, Tesla has offered smart assisted driving capability transfers to new vehicles and included Model 3 and Model Y in a government-backed campaign to promote EV sales in rural areas. However, Tesla's challenges are not limited to China. The company has also faced a sales rout across much of Europe last month, attributed to its aging model lineup and CEO Elon Musk's political activities, which may have deterred buyers. In response to the competitive market, Tesla ignited a price war in 2023, drawing in over 40 brands. This aggressive pricing strategy is under scrutiny as China has urged a halt to the bruising price wars. Following Tesla's price cuts, other manufacturers such as BYD, Geely Auto, and Chery have offered fresh incentives, intensifying the competition. Despite the overall decline, Tesla's China-made EV deliveries in May did see a slight increase from the previous month. Meanwhile, BYD, Tesla's biggest rival, reported a 14.1% year-on-year rise in global passenger vehicle sales, although this was a slowdown from April's 19.4% growth. In a strategic move to enhance its advanced driving assistance system (ADAS) in China, Tesla partnered with Baidu in March. Baidu's engineers have collaborated with Tesla's Beijing team to integrate Baidu's mapping data with Tesla's full self-driving (FSD) Version 13 software, aiming to refine the system with more accurate and up-to-date mapping information for navigating Chinese roads. "Tesla China EV sales decline continues in May" was originally created and published by Just Auto, 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.
Yahoo
16-05-2025
- Automotive
- Yahoo
Tesla Extends Winning Streak to Four Weeks as Self-Driving Hopes Fuel Rally
Tesla edged about 1.5% higher on Friday morning, setting up a fourth straight week of gains as investors bet on its self-driving prospects and held firm on its production roadmap. Shares have jumped more than 40% over the past month, including about a 15% lift this week, after the company stuck to its lower-cost vehicle plan and confirmed a June start for its robotaxi service in Austin, despite softer first-quarter results. The Q1 earnings release initially sparked the rally; Tesla topped delivery expectations and reassured the market by keeping capital spending in check. Broader optimism from easing U.S.-China trade tensions added momentum. Piper Sandler's Alexander Potter reiterated a Buy rating with a $400 price target, saying Tesla's Full Self-Driving software remains central to long-term upside, even as Version 13 still requires driver oversight. Goldman Sachs analyst Mark Delaney echoed caution, noting that FSD success will hinge on improving system reliability and cost efficiency. With investors eying autonomous breakthroughs and production discipline, Tesla's streak may continue, but only if its technology and execution keep pace. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $283.81 with a high estimate of $452.00 and a low estimate of $19.05. The average target implies a downside of -17.21% from the current price of $342.82. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.13, suggesting a downside of -21.50% from the current price of $342.82. This article first appeared on GuruFocus.
Yahoo
13-03-2025
- Automotive
- Yahoo
Tesla Partners with Baidu to Enhance Full Self-Driving in China
March 13 - Tesla (TSLA, Financial) is collaborating with Chinese tech giant Baidu (BIDU, Financial) to enhance its advanced driver-assistance system in China, according to a Reuters report. Baidu has deployed engineers from its mapping team to Tesla's Beijing office to improve the integration of detailed navigation data, such as lane markings and traffic light signals, with Tesla's Full Self-Driving (FSD) Version 13 software. This initiative aims to address persistent challenges faced on Chinese roads, where data restrictions and local regulatory constraints have hampered system training. Some Chinese customers have criticized the recent FSD update, claiming it fell short of CEO Elon Musk's promises, intensifying scrutiny as Tesla competes with domestic rivals like BYD and Xpeng. The improved FSD system could be vital as the company looks to secure its place in China, its second biggest market, in order to rebuild customer confidence in a very intense environment to compete in. Tesla and Baidu have not responded to requests for comment on the matter yet. This article first appeared on GuruFocus. Sign in to access your portfolio
USA Today
15-02-2025
- Automotive
- USA Today
Tesla Cybertruck crash into a pole in Nevada was in self-driving mode: owner
Tesla Cybertruck crash into a pole in Nevada was in self-driving mode: owner Show Caption Hide Caption Police used Tesla data to track Cybertruck's path in Vegas explosion Authorities used Tesla data to track the Cybertruck's movements, shedding light on the droves of info. automakers collect on drivers. In a crash involving a Tesla Cybertruck in self-driving mode this week, the owner used social media to share his concerns about the possible safety issues with the vehicle's software. Jonathan Challinger, a drone software developer from Florida, according to his X profile, shared a post on Elon Musk's social media site about the crash on Sunday, including a photo. He claimed that the Telsa vehicle, while using its Full Self-Driving (FSD) feature, failed to merge out of a lane that was ending, hit the curb and crashed into a pole in Reno, Nevada. 'Don't make the same mistake I did. Pay attention. It is easy to get complacent now - don't,' the driver Jonathan Challinger said on social media platform X, tagging Musk, which he has since deleted. 'Spread my message and help save others from the same fate or far worse.' When reached by the Reno Gazette-Journal, part of the USA TODAY Network on Thursday morning, Challinger confirmed the Cybertruck was in self-driving mode. He declined to say if he received a response from Tesla after tagging the company in his post on X. 'I'd rather not discuss it at this time,' he said. Asked why he didn't take the Cybertruck out of self-driving mode as it veered off the road, Challinger hung up. For years, Tesla has faced criticism and investigations over the safety of its advanced driver assistance software following several crashes, including a fatal one, according to Reuters. Last month, Musk said people were skeptical of the technology and should try it now, touting the 'immense improvement' in the safety profile of its latest iteration, Version 13. Tesla did not respond to Reuters' request for comment on the crash. The company's safety approach appears to rely primarily on cameras, making it cheaper but also riskier in challenging visibility conditions, such as heavy rain, snow or fog, according to experts. The accident shows problems with FSD's nighttime detection abilities, data mapping and vision-only approach, researcher Troy Teslike, who closely tracks Tesla sales and technologies, said on X. 'FSD doesn't seem ready for driverless operation yet,' he said. Reuters contributed to the reporting of this Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_.
