Tesla Inc. (NASDAQ:TSLA) artificial intelligence chief Ashok Elluswamy has hinted that Full Self-Driving technology could become available in other parts of Europe following its approval by the Netherlands Vehicle Authority (RDW).
FSD Expansion?
Responding to a post by influencer Whole Mars Catalog, who predicted that the FSD system would receive approval from multiple countries, Elluswamy shared his view. “The European regulation is followed by a lot more countries than just the ones in EU,” he said, hinting at a possible expansion of the technology to territories outside of the bloc.
EU vehicle safety standards are recognized and/or followed by all members of the trade bloc, as well as by all 56 member states of the United Nations Economic Commission for Europe (UNECE), which includes the U.S., Canada, Israel, Japan, South Korea and more.
NHTSA Probe, Ross Gerber’s Criticism
While the FSD tech has received approval from the EU regulator, the technology is still under scrutiny by the National Highway Traffic Safety Administration as the investigation into the system moved into the Engineering Analysis phase. It’s worth noting that the phase usually precedes a recall, according to the law.
Meanwhile, investor Ross Gerber of Gerber Kawasaki also criticized Tesla’s FSD v14.3 update, demanding the automaker initiate a $10,000 refund to customers who paid for the self-driving capabilities if the system “doesn’t work unsupervised.”
Elon Musk Reaffirms FSD Stance, Relief From NHTSA
Tesla CEO Elon Musk reiterated his bullish stance on the system, arguing that it saves a lot of lives. He also expressed sadness at the several lawsuits that the automaker faces over its FSD system and its capabilities.
While the investigation into the FSD technology continues, NHTSA recently announced it had closed its probe into Tesla’s “actually smart summon” feature, which can move the car over short distances using a smartphone app, in what could be a boost for the company.
According to Benzinga Edge Rankings, Tesla offers poor Momentum and Value, while also failing to provide a favorable price trend in the Short, Medium and Long term.
Price Action: TSLA surged 0.67% to $351.30 during the after-hours trading session on Friday.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo Courtesy: mpohodzhay on Shutterstock.com
Recent Comments