The National Transportation Safety Board (NTSB) has noted that an ill-fated Ford Mustang Mach-E that was involved in a fatal crash with a Honda CR-V in San Antonio, Texas, on February 24, 2024, had its BlueCruise active driving assistance system engaged. The incident resulted in the death of the CR-V’s driver.
The use of BlueCruise in the Mustang Mach-E was hinted at by San Antonio police, who noted that the all-electric crossover had “partial automation” engaged at the time of the collision. As per the NTSB, a witness traveling in front of the Mach-E noted that she manually changed lanes to avoid hitting the CR-V, which was stopped without its tail lights or hazards engaged. The witness noted that she saw another vehicle hit the Honda from her rearview mirror.
“The Ford was equipped with numerous advanced driver assistance systems, including those providing partial automation capabilities that Ford calls ‘BlueCruise.’ Based on data obtained from the vehicle, the driver had been operating the vehicle in BlueCruise mode before the crash,” the NTSB wrote in its release.
NTSB issues its preliminary report for the ongoing safety investigation of the Feb. 24 collision between an SUV operating with partial driving automation and a stationary SUV in San Antonio, Texas:https://t.co/nJqMn0m4Ag— NTSB Newsroom (@NTSB_Newsroom) April 11, 2024
The NTSB is also looking into a Ford Mustang Mach-E crash that occurred on March 3, 2024, in Philadelphia. The vehicle’s active driving assistance system is also suspected to have been involved in the crash, as noted in a Reuters report. The Philadelphia crash involved a Mach-E hitting two stationary cars on the I-95 interstate. Two people passed away due to the incident, and traffic was adversely affected for hours after the crash.
The NTSB has noted that it was investigating the Philadelphia crash in collaboration with the Pennsylvania State Police. Ford, for its part, has noted that it was recently made aware of the Philadelphia crash by the NTSB. The automaker has informed the National Highway Traffic Safety Administration (NHTSA) about the incident as well.
“We are researching the events of March 3 and collaborating fully with both agencies to understand the facts,” Ford noted.
Ford is not the only automaker whose driver-assist solution has been subjected to scrutiny. Tesla’s Autopilot system has been the focus of much scrutiny and criticism over the years, with the NTSB and NHTSA opening several investigations into the EV maker’s driver-assist system. These culminated in Tesla issuing a “recall” — in the form of an over-the-air software update — for over 2 million vehicles last December. The “recall” rolled out more assertive driver checks and more prominent visual alerts when Autopilot is engaged.
Ford has marketed BlueCruise as a hands-free driving system for areas where it could be activated, called Blue Zones. As per Ford, BlueCruise works on 97% of US and Canadian highways with no intersections or traffic lights. Reviewers have received BlueCruise positively, with Consumer Reports rating the solution as its top-ranked active driving assistance system.
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Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
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Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
