Just days after Tesla exited from the largest Australian automotive lobby group — the Federal Chamber of Automotive Industries (FCAI) — over campaigns against tightening emissions standards, another electric vehicle (EV) maker has followed in leaving the group.
Tesla announced plans to depart from the lobby group just last week, saying it was “concerned” that the group was doing things that could “mislead or deceive Australian consumers” in lobbying against stricter emissions standards. Now, Geely-owned EV maker Polestar has also announced plans to exit the FCAI, following Tesla’s lead, according to Reuters.
“The brand cannot in good faith continue to allow its membership fees to fund a campaign designed to deliberately slow the car industry’s contribution to Australia’s emissions reduction potential,” wrote Samantha Johnson, Polestar Australia Head, in a letter to the FCAI.
The FCAI has said that the government’s move to create the New Vehicle Efficiency Scheme (NVES) to tighten up emissions standards could increase prices and limit competitiveness in Australia, especially in the popular pickup segment. The group, which says it represents over 50 automakers, said it wouldn’t be willing to support a standard that limited consumer choice.
Tesla announced plans to depart from the lobby group by the end of Fiscal Year 2023-2024 on Thursday, stepping down from the organization’s board, after the group said NVES could lead to price increases. Meanwhile, automakers such as Toyota and Volkswagen remain a part of the group.
“Over the past three weeks, Tesla considers that the FCAI has repeatedly made claims that are demonstrably false,” Tesla wrote in its own letter to the FCAI. “Tesla is concerned that the FCAI has engaged in behaviors that are likely to mislead or deceive Australian consumers. Tesla is also concerned that it is inappropriate for the FCAI to foreshadow or coordinate whether and how competitor brands implement price changes in response to environmental regulations such as the NVES.”
The Australian government is expected to enact the new standard next year, set to penalize automakers importing emissions-heavy vehicles and reward those importing vehicles with cleaner tailpipe emissions.
Volkswagen said this week that it backs the Australian government’s plans, adding that it wants incentives for electric vehicles (EVs) to be stronger. The automaker still remains a member of the FCAI at the time of writing, though it expressed concern over Tesla and Polestar’s departures.
“Our company’s position is its own – not that of any lobby group or membership organisation,” a Volkswagen spokesperson wrote in an email on Friday.
Later on Friday, Toyota Australia said it backed the FCAI’s position, requesting that the government revisit the emissions standards and the phase-in of penalties.
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Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive
Jonas reported that FSD handled more than 99% of the miles.
Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y.
Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.
Hands-free experience
Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.
He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”
Broader implications
Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.
Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.
Elon Musk
Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever
Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.
Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion.
A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.
Elon Musk’s TSLA purchase
The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.
Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”
Tesla and Elon Musk
Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.
Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.
Tesla is adjusting one key detail of Robotaxi operations in Austin: service hours.
Tesla’s Robotaxi platform in Austin has been active since late June and has been running smoothly since then. It has its limits, as Tesla has set hours that Robotaxis can operate, as well as a distinct Service Area, also known as a geofence, which has expanded three times already.
While the geofence is currently approximately 170 square miles in size, Tesla has recently enabled freeway drives, which also necessitated an adjustment to the company’s strategy with its “Safety Monitors.”
Tesla explains why Robotaxis now have safety monitors in the driver’s seat
Traditionally, they sit in the passenger’s seat. During highway driving, they move to the driver’s seat.
These are just a few adjustments that have been made over the past two and a half months. Now, Tesla is adjusting the service hours of Robotaxi operation in Austin, but only slightly.
Tesla will now operate its Robotaxi ride-hailing service from 6 a.m. to 2 a.m., extending the hours by two hours. It previously shut down at midnight.
🚨 Tesla Robotaxi operation in Austin now will end at 2 a.m., a two-hour extension from its previous end time of midnight.
Its new service hours are now 6 a.m. to 2 a.m. local time pic.twitter.com/wXdYO6ARPB
— TESLARATI (@Teslarati) September 13, 2025
Tesla has implemented a variety of safeguards to ensure riders and drivers are safe during Robotaxi rides, and they have made it a point to adjust things when they feel confident that it will not cause any issues.
Many people have been critical of Robotaxi, especially because a person sits in the front of the car.
However, an accident or some type of mistake could do more damage to the autonomous travel sector than anything else. This would not just impact Tesla, but any company operating an autonomous ride-hailing service in the country.
Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive
Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever
Tesla adjusts one key detail of Robotaxi operations in Austin
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