News
Ohio legislation about autonomous driving misreported – Read the bill, please.
A recent article published on WCPO online, Ohio, states that, “If you already own a Tesla car with self-driving features in Ohio, a bill introduced last week could prohibit you from driving on most roads in the state.”
This is an example of inaccurate journalism as well as the rush at every proverbial turn to condemn the future and vision of Tesla Motors, Inc.
Let’s do our own review, shall we, and determine the bill’s actual intent? The Ohio bill, with short title, “Regulate autonomous vehicles” actually has two components:
- to authorize a manufacturer of autonomous vehicles or autonomous technology to operate autonomous vehicles on public roads and highways in accordance with specified requirements; and,
- to require the Director of Transportation to produce a report discussing whether additional legislative or regulatory actions are necessary for purposes of ensuring the safe testing of autonomous vehicles.
Here are the particulars within the bill’s language, paraphrased to eliminate the legalese.
- Sec. 4501.50. (B)(1) (2) Individuals aren’t allowed to operate autonomous vehicle on the Ohio public roads and highways right now; only manufacturers of autonomous vehicles can do so, and that’s only for testing the vehicles.
But this makes sense, doesn’t it? Before we let the Average Joe and Jane drive at a Level 5 full autonomy, we need to test the systems to make sure they’re fully functional. And Ohio is going to allow this testing to take place on their roads, with certain restrictions, so they’re confident that, when autonomous driving becomes the norm, it will be safe.
- Sec. 4511.204. Don’t you dare use a handheld electronic wireless communications device while you drive except in emergencies and other specific situations. Additionally, “(11) A person using a handheld electronic wireless communications device for purposes of testing, monitoring, or controlling an autonomous vehicle.”
Isn’t the problem here the “handheld” device? Most Tesla drivers would be in favor of that stipulation, not only for autonomous vehicles, but for the safety of all drivers on the road.
- Section 3. The Director of Transportation will consult with automobile manufacturing and automated technology manufacturing industries and study whether additional legislative steps need to be taken to ensure safe testing of autonomous vehicles, with a report due out in two years.
Hey, good for Ohio. The DOT isn’t pretending to know everything it needs about autonomous driving and technologies, and it’s planning to meet with experts in those fields to learn more before making decisions. Wise and efficient.
The bill also defines terms like “autonomous vehicle” and “autonomous technology,” which makes sense as any innovations become mainstream. Governances need a common and accepted vocabulary in order to discuss, regulate, and implement legal changes. Plus, the bill builds in certain fines for individuals who breach outlined stipulations. That’s standard and how laws work.
WCPO’s article quotes Rep. Cheryl Grossman, one of two state Republicans who introduced the bill:
“Many bills have a starting place, and will have 8 or 9 drafts before you come up with the final one. I thought it was important to have conversations on what we need here in Ohio. So just because it starts that way, doesn’t mean that’s how it’ll end up.”
Because Ohio House Bill 608 will have changes, there is no direct correlation that those changes will foster, as the title to the article states, “Tesla owners wouldn’t be able to drive on most roads if this bill passes.” Maybe a wild title-creating editor superimposed hyperbole over the author’s intentions? It happens. But let’s not incite Ohio and other states to levels of fear that they’ll be prohibited from using the revolutionary software on their $100,00 luxury Tesla vehicles, shall we?
Many other states have their own autonomous/ self-driving vehicles legislation. The National Highway Transportation Safety Administration (NHTSA) has issued a Federal Automated Vehicles Policy. Essentially, NHTSA is broadly in favor of self-driving technology, given the potential to reduce the death toll on the nation’s roads, which was above 35,000 in 2015 and up almost 8 percent versus 2014.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
