News
Tesla challenged by CR advocacy group to release detailed Autopilot data
Consumers Union, the advocacy division of Consumer Reports, recently called on Tesla to publicly release detailed Autopilot data behind the company’s safety claims. In a statement published on Thursday, the advocacy group stated that Tesla must improve Autopilot’s safety systems, considering that another life was lost while the driver-assist feature was engaged.
Experts from CR have determined that Tesla’s current safety systems for Autopilot is inadequate. The CR experts also noted that Tesla’s contingencies for Autopilot “fails to effectively address the safety risks of foreseeable uses of the system,” unlike other driver-assist features involving automated steering and braking.
Consumers Union Director of Cars and Product Policy and Analysis David Friedman explicitly called on Tesla to stop using consumers as “beta testers” of unproven technology. Friedman also stated that Tesla should not make broad safety claims without providing detailed Autopilot data.
“After another tragedy involving Autopilot, Tesla should commit to put safety first—and to stop using consumers as beta testers for unproven technology. While the results of the crash investigations will be critical to understanding all that contributed to this tragedy, previous NTSB findings already showed that Autopilot should do more to protect consumers. We see no excuse: Tesla should improve the safety of Autopilot without delay.
“Tesla markets itself as an innovator. It should not put lives at risk, damage its reputation, or risk the success of its systems—or driver assist technology as a whole—by failing to take steps that would better protect consumers’ safety. Further, the company should not make either specific or broad safety claims without providing the detailed data to back them up. They should show, not just tell, us how safe their system is,” Friedman said.
Friedman also criticized Tesla’s response to the ongoing NTSB investigation into the fatal Model X accident last month near Mountain View, CA. According to the Consumers Union executive, Tesla should improve Autopilot’s design instead of issuing defensive statements that put the blame on the driver of the ill-fated electric SUV.
“Instead of issuing a defensive Friday evening blog post or statements blaming the victim, Tesla should fix Autopilot’s design and be transparent about their safety claims. The company should publicly provide detailed data to demonstrate conditions for which its Autopilot system can safely operate.
“It should limit Autopilot’s operation only to those conditions and have a far more effective system to sense, verify, and safely react when the human driver’s level of engagement in the driving task is insufficient or when the driver fails to react to warnings. If other companies can do it, Tesla should as well.”
Just yesterday, Tesla and the NTSB issued statements about the Elon Musk-led company’s departure from the investigation into the fatal Model X accident. According to the NTSB, Tesla was removed from the probe due to the company’s insistence on releasing data to the public despite the investigation not being complete.
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- The aftermath of a fatal Tesla Model X accident. [Credit: Dean C. Smith/Twitter]
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- The aftermath of a fatal Tesla Model X accident. (Credit: Mercury News/Twitter)
Responding to these reports, Tesla issued a statement stating that it has chosen to withdraw from the NTSB’s investigation due to the agency’s handling of the probe. The electric car maker and energy company also noted that it would be issuing a Freedom of Information Act request on the NTSB’s apparent focus on Tesla. Here are excerpts from Tesla’s statement.
News
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.
News
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
