After a weak first half of the year, Tesla deliveries roared higher in Q3. Energy and services helped offset a narrowing profit margin in its autonomous business.
The National Highway Traffic Safety Administration is reportedly looking into Tesla's new “Mad Max” driver-assistance mode over concerns that it allows vehicles to operate at higher speeds above posted speed limits, reports Reuters as billionaire Elon Musk's car company continues to draw scrutiny.
Some drivers on social media report that Tesla vehicles using the more aggressive version of its Full Self-Driving system could operate above posted speed limits.
Tesla (TSLA) earnings were mixed, with margin pressure and near-term uncertainty, but revenue beat expectations and investors remain in wait-and-see mode. GM surged 15% after beating earnings and raising guidance, as tariff impacts were less severe and market share reached a multi-year high.
Tesla Inc. shares fell 2% on Friday, reversing gains from the previous session, as the National Highway Traffic Safety Administration (NHTSA) sought information about the company's new driver-assistance mode, dubbed “Mad Max.
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