News
Tesla dashcam causes SUV driver to possibly lose license over road rage incident
After being stuck at home for almost two weeks, Omaha-based Tesla Model 3 owner Ken Woodward was looking forward to getting back to work. But before he could go back to his workplace, he needed to get another Covid-19 test. He took his trusty Model 3 to head over to the testing site, and things were completely normal. Unfortunately for Woodward, he was about a mile away from home when things took a turn for the worse.
At around 12:30 p.m. local time, the 40-year-old Tesla owner was driving near 204 and Center Streets when he encountered fellow 40-year-old Brian Frey, who was behind the wheel of an SUV. Unfortunately for the Model 3 owner, Frey was seemingly at a state where he is willing to hurt a fellow driver when he’s upset.
Frey was several car lengths behind the Model 3, with both the all-electric sedan and the SUV going around the speed limit. Woodward then came upon a red car that was driving much slower. Since he wanted to pass the slower car, Woodward merged into the adjacent lane in a standard overtaking maneuver.
This triggered something in the SUV driver. Speaking with local media after the incident, Woodward noted that he saw Frey throwing up his hands in the air like he was frustrated with the electric car driver. But that was just the beginning, as things were about to take a turn for the worse. Frey promptly accelerated hard, hitting the Model 3’s bumper. He followed it up by attempting to run the all-electric sedan off the road.
For good measure, and as Woodward was trying to keep his vehicle under control, Frey aggressively overtook the Tesla and slammed on his brakes. This resulted in the Model 3 crashing straight into the back of the SUV, throwing the massive vehicle forward.
“He forcefully whipped up behind me. He accelerated at me into my bumper, so that was the first hit. Then he pulled up next to me and forced me off the road completely almost into the guardrail going over Center Street. I regained my position back on the road. He overtook me and that’s when you can see in the video that he swerved in front of me and slammed on the brakes as hard as he could,” Woodward noted.
When authorities arrived on the scene, police were faced with conflicting accounts of the incident. Frey argued that it was the Tesla owner who tried to force him off the road before ramming his SUV from behind. Unfortunately for Frey, every single second of his road rage episode was recorded by the Model 3’s built-in dashcam feature. And once the footage was reviewed by the police, the authorities knew exactly what to do.
Deputies promptly ticketed Frey for willful reckless driving. And thanks to his road rage incident, he now stands to lose his license from 30 days to one year.
Speaking to local KETV News about the incident, Capt. Wayne Hudson with the Douglas County Sheriff’s Department highlighted that the Model 3’s dashcam feature proved to be the difference-maker in Woodward and Frey’s road rage case. “Having the video in the vehicle was beneficial to our investigation,” Hudson said.
Watch a news segment about the road rage incident in the video below.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
