Tesla Inc

Tesla delivered 95,366 China-made electric vehicles in September, a 5% increase from 90,812 vehicles a year earlier that extended its year-over-year growth streak to 11 consecutive months. The Shanghai factory shipped Model 3 and Model Y vehicles to China, Europe, Asia-Pacific and Canada during the month, according to Reuters, citing the China Passenger Car Association. Third-quarter deliveries from Shanghai rose 13.7%, even as Tesla's worldwide deliveries fell 2.1% from the record-setting quarter last year. To support demand in China, Tesla is offering promotions through October, with selected Model Y versions qualifying for a 7,000-yuan reduction on final payments and every Model 3 variant receiving 5,000 yuan off. The gains come amid intensifying competition in China, where Tesla's retail sales fell 12.4% year-over-year in August to 50,047 units, its weakest August since 2022, leaving it ranked fifth behind market leader BYD with 233,943 units.

Plans emerged on the 9th that Terafab, the semiconductor manufacturing initiative launched by American businessman Elon Musk, aims to have a large-scale mass production plant operating in Texas by 2032. According to people familiar with the matter, preparations are underway to start up a semiconductor pilot plant in the state during 2027, and orders have already begun to be placed with Japanese semiconductor manufacturing equipment and materials companies for the pilot plant. The plant is expected to be completed as early as July 2027 and to begin operating within that year. At the large-scale mass production plant targeted for operation in 2032, production of logic semiconductors capable of advanced computing and memory will be handled at a single facility, with final production scale projected at roughly 1 million wafers per month, of which about 70 percent of capacity will be allocated to memory and about 30 percent to logic. The production scale will be comparable to the large-scale plants of major semiconductor makers such as Taiwan Semiconductor Manufacturing and South Korea's Samsung Electronics. For logic semiconductor production, Intel of the United States will provide technical cooperation, with adjustments underway to adopt the company's 2-nanometer and 1.4-nanometer circuit linewidth technologies, while for memory manufacturing a plan has surfaced for a Taiwanese company to provide technical cooperation. Terafab is an initiative announced by Musk in March, under which the electric vehicle giant Tesla and space development company SpaceX will lead the development of semiconductor plants, investing 55 billion dollars initially, with total investment potentially expanding to 119 billion dollars including additional portions.

Delta Air Lines shares fell about 5% in premarket trading after the carrier reported September-quarter adjusted earnings of $1.72 per share, missing the $1.82 consensus estimate, and lowered its full-year profit outlook to about $5.35 per share. Adjusted revenue rose 16% to $17.59 billion but came in slightly below expectations, with Delta citing elevated fuel costs that surged 62% to $4.14 billion in the quarter; the airline absorbed more than $500 million in additional fuel costs versus its early July guidance and expects $6 billion in higher fuel expenses for the full year. Tesla shares gained about 3.6% after China Passenger Car Association data showed deliveries of Model 3 and Model Y vehicles from its Shanghai factory rose 5% year-over-year to 95,366 units in September, extending its streak of annual sales gains to 11 consecutive months, while third-quarter shipments of Shanghai-built vehicles grew 13.7% even as global deliveries declined 2.1%. Apple shares fell about 2.6% in premarket trading on reports it cut component orders for some iPhone 18 Pro models after weaker-than-expected demand, and telecom stocks dropped sharply after SpaceX agreed to acquire a nationwide low-band spectrum license, with AT&T down 8%, Verizon Communications down 7.8%, and T-Mobile US down 7.6%, while SpaceX shares rose 4.3%. Ambarella shares rose 5.3% following reports that Qualcomm may be working with advisers on a possible deal to acquire the chip designer, speculation circulated via a Betaville alert that follows prior reports Ambarella is in advanced talks with potential buyers including NXP Semiconductors. Wall Street regained some momentum on Friday, with the S&P 500 up 0.4%, the Dow up 0.6%, and the Nasdaq Composite up 0.5%.

Tesla has renamed its advanced driver assistance system in Europe to "Tesla Assisted Driving," dropping the "Full Self-Driving (Supervised)" branding after pushback from Germany's transportation ministry. Germany's transport minister, Steffen Bilger, said earlier this month that calling the software "Full Self-Driving" was somewhat misleading because it does not perform the entire task of driving, and after speaking with Tesla last month the company itself suggested the name change, according to an official release from the ministry. Bilger said he will now advocate for approval of Tesla Assisted Driving across Europe ahead of an EU-wide vote that could happen later this year, and Tesla CEO Elon Musk thanked him on X this week. The change marks a significant capitulation for Tesla, which had used the Full Self-Driving (Supervised) name for years even though the system requires humans to pay attention to the road and take over when necessary, and it could help the company achieve wider adoption on the continent and unlock a potentially massive new revenue stream. The rebrand follows a Reuters report on Wednesday that Tesla's campaign for European approval was built on faulty company safety research and flawed studies, and that the Dutch vehicle safety regulator, RDW, faced fierce pressure from Tesla and its online supporters; the Netherlands became the first European country to approve FSD (Supervised) in March. FSD has also been at the center of federal investigations and civil lawsuits over crashes in which it was allegedly in use, and Tesla discontinued its less capable predecessor, Autopilot, earlier this year after a judge ruled the company had engaged in deceptive marketing about the system's capabilities.

Slovakia is expected to approve Tesla's Full Self-Driving system, potentially making it the ninth European Union country to authorize the driver-assistance technology, according to Reuters. Transport Minister Jozef Raz said Slovakia would formally communicate its decision to the Netherlands, where the vehicle regulator RDW cleared Tesla's system earlier this year and acts as the primary regulatory authority for FSD in Europe. Raz said the decision was supported by data indicating lower accident rates, while emphasizing that drivers would remain responsible for their vehicles, and once the letter is delivered FSD would become available for use in Slovakia. The expected approval follows authorizations in countries including Belgium, Croatia, the Czech Republic, Slovenia, the Netherlands, Denmark and Estonia, and an EU-wide vote could take place as soon as December, potentially opening the door to broader deployment across the region. Wider FSD adoption could support software monetization through paid subscriptions and expand Tesla's addressable customer base, though competition is intensifying from General Motors' Super Cruise and Rivian's Autonomy+.

Tesla has secured an order for 50 all-electric Semi trucks from IMC Logistics, expanding its presence in the heavy-duty trucking market. The deal adds to growing commercial interest in Tesla's electric trucks as the company ramps up production and diversifies beyond passenger vehicles. The order follows Einride's planned deployment of 500 Tesla Semis, WattEV's order for 370 trucks and the ZET SCALE alliance's initial order for 2,500 electric Class 8 trucks, with Tesla selected as the primary manufacturer, though PACCAR's Kenworth and Volvo Group's Volvo are also on the supplier list. According to FreightWaves, the alliance, backed by shippers including Microsoft and PepsiCo, aims to expand its program to at least 10,000 trucks, and IMC will deploy its trucks for port drayage and freight routes connecting Southern California with inland destinations. Tesla's new Semi factory in Nevada opened in the last week of September, a 1.7-million-square-foot facility built to produce up to 50,000 trucks a year. The 50-truck order is unlikely to materially affect near-term revenue, and longer-term growth will depend on delivery execution, cost control and competitive operating economics.

Tryg A/S reported a record-high insurance service result of DKK 2,454m for the third quarter of 2026, up from DKK 2,181m a year earlier, with a combined ratio of 76.8% against 78.6%. The improvement was supported by a 60bps underlying claims ratio gain, up from 50bps in the second quarter, including solid progress in Norway, and Group revenue growth of 4.1% in DKK, or 2.3% in local currencies. Pre-tax profit for the quarter reached DKK 2,123m, up from DKK 1,980m, while the investment result fell to DKK 42m from DKK 177m. For the first nine months, the insurance service result was DKK 5,299m, or DKK 6,499m adjusted for the one-off provision on Danish workers' compensation booked in the second quarter, and the combined ratio was 83.2%, or 79.4% adjusted. The Supervisory Board approved an ordinary dividend of DKK 2.15 per share for the year, up around 5% from DKK 2.05, and the solvency ratio stood at 203% at the end of the third quarter, up from 196% at the end of the second quarter. Group CEO Johan Kirstein Brammer also highlighted three new motor partnerships with Mercedes-Benz in Sweden, Tesla in Denmark, and XPENG in Norway.

Intel Corp. CEO Lip-Bu Tan said the company will continue working with Elon Musk on the Terafab semiconductor project, telling Bloomberg ahead of an event in Tokyo marking the U.S. company's 50th year of operations in Japan that Intel would keep its involvement in the effort. The comments follow a decline in Intel's stock after Musk on Saturday confirmed early-stage discussions with Taiwan Semiconductor Manufacturing Co. Ltd. about a potential role in the planned Texas-based Terafab AI chip complex. On Wednesday, Musk responded to Tesla expert Herbert Ong and stated that his companies will build and run the fab, saying there should be zero doubt about that and that TSMC might sublease part of the Terafab if it wants, but nothing more than that. In April, Intel said it was working with Space Exploration Technologies Corp. and Tesla, Inc. on Terafab, with its chip design, manufacturing and advanced packaging capabilities enabling the project's goal of producing 1 terawatt of computing capacity for AI and robotics per year. The possible involvement of Taiwan Semiconductor has raised questions about the degree of Intel's involvement in the process.

Pilot and Tesla have opened their first Tesla Megacharger site at a Pilot travel center in Ellabell, Georgia, launching a new charging network at select Pilot locations designed to support heavy-duty electric trucks along major U.S. freight corridors. The site at Pilot #1390, located at 130 Interstate Exchange Way, has six heavy-duty charging stalls now open. Twelve additional heavy-duty charging locations are actively under construction, with three near completion and expected to come online soon: Flying J #1071 in Tulare, California, opening October 9, 2026; Flying J #553 in Fort Stockton, Texas; and Pilot #341 in North Las Vegas, Nevada. Each location will feature four to eight high-power charging stalls powered by Tesla's V4 cabinet technology, and according to Tesla each stall can deliver up to 1.2 megawatts of power, allowing a Tesla Semi to recover 60% of charge in 30 minutes. Pilot and Tesla announced their collaboration in January 2026, with plans to develop a network of Tesla Megachargers at select Pilot locations along I-5, I-10 and other major freight corridors across California, Georgia, Indiana, Nevada and Texas.

Tesla delivered 486,532 vehicles in the third quarter, comfortably above company-compiled consensus of 461,974 and down only 2% from a year earlier, strengthening the case that the company could return to annual delivery growth after two years of declines. The automotive recovery still matters because cars remain Tesla's largest revenue source, with European registrations up 43% during the first eight months of 2026, helping offset weaker U.S. demand following the loss of the $7,500 federal EV tax credit. Tesla's Q2 numbers showed why volume alone is insufficient: revenue reached $28.24 billion, but gross margin fell to 16.8% from 17.2%, while free cash flow turned negative by $1.1 billion and capital expenditures jumped 142% to $5.79 billion as Tesla funded AI infrastructure, robotaxis, and next-generation manufacturing. Tesla recently secured $30 billion of new credit facilities and expects 2026 capital spending above $25 billion, although the facilities were undrawn and the company did not plan to use them in 2026. Goldman Sachs kept a Neutral rating and $360 target on October 6, arguing that Tesla's physical-AI businesses, including robotaxis, FSD, and humanoids, will matter more for the stock than Q3 EPS, while consensus P/E falls from 217.93 times estimated 2026 earnings to 176.66 times in 2027 and 117.20 times in 2028 before dropping to 58.28 times in 2029.

Tesla and SpaceX have committed an initial $16.8 billion to Terafab, Elon Musk's plan to build one of the world's largest chip-making complexes in Grimes County, Texas, covering more than 100 million square feet and expected to start manufacturing chips by 2029. Intel Corp. joined the project in April, committing to design, make and package chips, and Musk has said the plant will use Intel's next-generation 14A process, a significant boost for an Intel foundry business that lost more than $10 billion at the operating level in 2025. Musk shut down speculation that Taiwan Semiconductor would help run the Texas plants, writing on X that Tesla and SpaceX will build and run the fab themselves, with TSMC at most given leased space inside the complex. The vertically integrated facility is designed to handle chip manufacturing, packaging and testing under one roof, with chips mostly built for edge computing and inference to power Tesla's Optimus robots and Cybercabs along with high-performance processors for SpaceX's planned space-based data centers. Investors positioned for the buildout could look to chip equipment makers such as ASML Holding, Applied Materials, Lam Research and KLA Corp, packaging and testing players including Amkor Technology, ASE Technology and Teradyne, materials and utilities suppliers such as Linde and Entegris, power and electrical infrastructure names including Eaton, Vertiv, Quanta Services and GE Vernova, or semiconductor ETFs such as the VanEck Semiconductor ETF and iShares Semiconductor ETF.

Lemonade announced that its Autonomous Car insurance now supports Tesla vehicles equipped with HW3 running the new FSD (Supervised) v14 Lite, extending coverage beyond the HW4 vehicles it previously served. Drivers in Arizona, Colorado, and Tennessee with HW3 and FSD v14 Lite can now save 30% on miles driven with FSD engaged, while Tesla drivers with HW4 and FSD v14.2 or newer continue to save 50% on those miles. FSD Lite is Tesla's adaptation of its v14 software for vehicles equipped with HW3, the company's previous-generation onboard computer, distilling the driving behavior of v14 into the camera and configuration of AI3. Lemonade Autonomous Car uses Tesla's Fleet API, with customer permission, to distinguish between FSD (Supervised) engaged and human-driven miles and price each accordingly. Shai Wininger, President and Co-Founder of Lemonade, said Tesla has done something remarkable with v14 Lite by taking the intelligence from its newest hardware and making it available to owners of older Teslas, adding that more states are coming soon. Tesla owners in Arizona, Colorado, and Tennessee can enroll at tesla.lemonade.com/fsd, with additional savings available when bundled with Lemonade Renters, Pet, or Home insurance.

Tesla reported third-quarter 2026 output of over 464,000 vehicles, deliveries above 486,000, and 13.7 GWh of deployed energy storage, while arranging US$30.00 billion in new unsecured credit facilities and term loans. Elon Musk confirmed that Tesla and SpaceX will build and operate the Terafab AI chip complex in Texas, with technology support from Intel, tightening in-house control of advanced semiconductors for Tesla's robotics, autonomy, and energy ambitions. The move raises the stakes for returns on the US$25,000,000,000 plus in planned 2026 capex. Tesla's narrative projects $165.9 billion revenue and $14.4 billion earnings by 2029, requiring 17.0% yearly revenue growth and a $10.6 billion earnings increase from $3.8 billion today, with a $395.57 fair value implying 5% upside. Some of the lowest ranked analysts assume only 7.7 percent annual revenue growth and US$4,400,000,000 in 2029 earnings.

Tesla plans to show off its Cybercab robotaxi at the Paris Motor Show, which runs from October 12 to 18, marking the first time the vehicle will be displayed in Europe, where it could be sold as early as 2027. The Cybercab is a purpose-built, two-seat robotaxi without a steering wheel or pedals, and displaying it alongside conventional cars puts Tesla's autonomous-transport ambitions in front of mainstream European buyers and the industry. Historically, Tesla has been a limited participant in major auto shows, preferring to hold its own launch events. Visitors at the Paris Motor Show will also be able to test-drive six other Tesla vehicles featuring the driver-assistance system Tesla markets as Full Self-Driving, according to Serge Gachot, director of the Paris show. Shares of Tesla were up 0.6% in Tuesday afternoon trading and are up 7% over the last week.

Goldman Sachs Research estimates the global robotaxi market could reach roughly $415 billion by 2035, with the United States accounting for about $48 billion, and Tesla and Alphabet's Waymo are pursuing fundamentally different strategies to capture it. Waymo, Alphabet's autonomous vehicle subsidiary, has expanded to 15 major U.S. cities and now provides more than 500,000 fully autonomous paid rides each week, though it remains unprofitable and capital-intensive. Tesla launched its commercial robotaxi service in Austin in June 2025 and has since expanded to seven U.S. metros, accumulating roughly 380,000 driverless miles, and rolled out the purpose-built, two-seat Cybercab last month, with rides currently limited to Austin. Tesla's authorized Cybercab fleet in Texas has nearly quadrupled since launch, climbing from 45 vehicles to 169, according to Texas Department of Motor Vehicles records cited by CNBC. The Cybercab relies on cameras and Tesla's AI computing rather than radar, LiDAR and high-definition mapping, saving thousands of dollars per vehicle, but federal regulators are auditing the self-certification process because the vehicle has no human controls, and Tesla has applied for but not yet received a California permit.

Virtuix Holdings Inc. announced that Founder, Chief Executive Officer, and Chairman Jan Goetgeluk will highlight the company's consumer growth and expanding defense sales at the 2026 Maxim Growth Summit, held October 13 and 14, 2026 at the Hard Rock Hotel New York. Omni One consumer orders have been running at approximately 3X the prior-year level following the company's June launch of Omni One for Quest in collaboration with Meta. Virtuix has also completed its U.S. Air Force AFWERX Phase I SBIR program, expanded its work in counter-UAS and military training, and sold Omni One systems to the U.S. Department of Veterans Affairs and the U.S. Navy's Morale, Welfare and Recreation Program. In enterprise and robotics, Tesla has placed repeat Omni One Enterprise orders for its Optimus program and Figure AI has also purchased an Omni One Enterprise system, while healthcare initiatives now include deployments and evaluation across the U.S. Department of Veterans Affairs, autism therapy for children, and rehabilitation applications. Goetgeluk said Virtuix is increasingly becoming much more than a consumer VR company, with the same full-body simulation platform gaining adoption across consumer entertainment, defense training, humanoid robotics, and healthcare.

Advanced Micro Devices CEO Lisa Su said demand continues to outpace supply and that the company plans to substantially increase supply in 2027, sending AMD shares higher in early trading Tuesday. Roughly 80% of Anthropic's planned $518 billion in cloud and compute spending over the next decade is non-cancelable or payable regardless of how much capacity it actually uses. Elon Musk confirmed over the weekend that SpaceX and Taiwan Semiconductor are in discussions about a potential collaboration in which the Taiwanese foundry may use Terafab, the vertically integrated semiconductor manufacturing initiative launched by Musk, Tesla and SpaceX, as an anchor client for a future Texas facility. Zscaler reaffirmed its Q1 and full-year 2027 guidance, with CEO Jay Chaudry warning that autonomous AI agents will become the primary cybersecurity risk vector in coming years. Wells Fargo maintained its overweight rating on Meta Platforms and raised its price target to $1,000, citing Muse as a driver of a larger long-term AI cycle.

The Korea Automobile Importers and Distributors Association, or KAIDA, reported that new registrations of imported passenger cars in South Korea rose 6.3% in September from a year earlier to 34,904 units, driven by strong demand for electric vehicles and luxury cars from Germany. Imported car sales in the first nine months of the year reached 279,729 units, up 24.1% year on year. In September, Tesla, the US automaker, topped South Korea's imported car sales with 12,372 units, followed by BMW with 6,066 units and Mercedes-Benz with 5,477 units. China's BYD put in a standout performance in fourth place with 2,614 units, followed by Volvo with 1,414 units, Lexus with 1,064 units and Toyota with 971 units. Sales of European-brand cars in South Korea stood at 17,578 units last month, accounting for 50.4% of total sales, while US, Chinese and Japanese brands held market shares of 36.1%, 7.6% and 5.9% respectively. By fuel type, battery electric vehicles took the largest share at 52.1%, followed by hybrids at 39.0%, gasoline cars at 8.2% and diesel cars at 0.7%.

Elon Musk agreed with a Tesla AI engineer's argument that the automaker's early decision to develop and deploy custom inference computers across its vehicle fleet could look unprecedented as demand for artificial-intelligence compute accelerates. "Yes," Musk wrote on X on Sunday in response to Tesla engineer Yun-Ta Tsai, who said Tesla's years of iterating and scaling its own inference computers for each car sold could prove unusually important before the superintelligence era, adding that the current compute shortage is only the tip of the iceberg and that when autonomy becomes indispensable, the real shortage will follow. Tesla has spent years designing its own inference hardware to run neural networks inside vehicles rather than relying entirely on general-purpose processors, and that strategy is now advancing through AI5 and AI6, with the company saying in January that development of both custom inference chips had progressed and production was then planned for 2027 and 2028, respectively. Musk has separately said AI5 will punch far above its weight and is primarily optimized for edge computing in Robotaxi and Optimus, and during the second-quarter earnings call he said the company's planned Terafab is necessary because Tesla otherwise simply won't have enough AI chips to scale Optimus. Reuters reported in April that Tesla, SpaceX and xAI are pursuing Terafab partly because Musk expects outside suppliers cannot satisfy their long-term chip requirements, with Tesla's Austin development fab alone expected to cost roughly $3 billion.

The UK new car market recorded its best September since 2017, with registrations up 12% year-on-year to 350,518 units, according to figures released on the 2nd by the Society of Motor Manufacturers and Traders. Supported by strong demand for electric vehicles, battery electric vehicle registrations in September rose 36% year-on-year to 99,199 units, taking a market share of 28.3%. In contrast, petrol car registrations fell 6.7% and hybrid vehicle registrations fell 4.2%. Diesel car registrations rose 11.5% in September, but were down 7% over the January-September period compared with a year earlier, with their market share shrinking to about 4.5% this year. By brand, the Jaecoo 7 SUV from China's Chery was the best-selling model, while among battery electric vehicles the Sealion 7 SUV from China's BYD ranked third, behind US EV giant Tesla's Model 3 sedan and Model Y SUV. On a year-to-date basis, battery electric vehicles account for only 26.2% of total sales, well below the 33% mandated for 2026 and also short of last year's 28% target.

Tesla reported third-quarter 2026 vehicle deliveries of 486,532, roughly 5.5% above the FactSet analyst consensus estimate of 461,000, sending shares up 5.2% in the afternoon session. The total comprised 478,237 Model 3 and Model Y vehicles and 8,295 other models, though it marked a 2.1% decline from the 497,099 vehicles delivered in the third quarter of 2025. Tesla manufactured 464,391 vehicles during the quarter and deployed 13.7 GWh of energy storage products. After the initial pop, the stock cooled to $371.21, up 4.7% from the previous close, and remains 15.3% lower since the start of the year and 24.2% below its 52-week high of $489.88 from December 2025.

Tesla shares rose 5% after the electric vehicle maker reported third-quarter deliveries of 486,532 vehicles, above the 461,100 units expected by analysts polled by FactSet. Broadcom rose more than 3% after Reuters reported it agreed to lend Anthropic up to $42 billion to finance infrastructure purchases, with investment banks seeking to raise $42 billion of Class A senior secured debt and $18 billion in Class B debt, according to Bloomberg. Nike fell almost 6% after its fiscal first-quarter revenue missed analyst expectations, with a 4% slide in sales tied to declines in China and plans to lay off staff in 2027. Synaptics surged 14% and ON Semiconductor rose more than 5% after ON Semi revised its buyout offer for Synaptics to $123 a share, or $5.7 billion. Seagate and Western Digital each tumbled 13% following a Nikkei report that Japan's Toshiba will double its hard disk drive production capacity for data centers and invest $380 million to expand facilities in the Philippines.

The U.S. economy added only 29,000 non-farm payrolls in September, far below the 90,000 economists had expected, while the unemployment rate ticked up to 4.2% and average hourly earnings rose just 0.11%. Prior months were revised sharply lower, with July cut by 31,000 to minus 10,000 and August reduced by 29,000 to 133,000, a combined downward revision of almost 60,000 jobs. Allianz chief economic adviser Mohamed El-Erian said the report was weak across the board on labor demand, though he called a rise in the labor force participation rate to 61.8% encouraging on the supply side, and said the data will keep the Federal Reserve on hold in October. Within the report, goods-producing and private service-providing sectors showed strength, with construction adding 11,000 jobs and healthcare 17,000, while government shed 17,000 positions and manufacturing added 9,000, a slowdown from 15,000 the prior month. Separately, Nike posted a disappointing outlook for fiscal 2027, expecting a high single-digit revenue decline this year, worse than the 2.5% the Street expected, and said restructuring would save about $2.5 billion, while Tesla reported roughly 486,500 third-quarter deliveries, topping estimates of 463,000.

Rivian Automotive plans to equip its first R2 vehicles with LiDAR and its internally developed RAP1 autonomy computer for employees by the end of 2026, while customer deliveries are now expected to begin in 2027, according to Electrek. The timeline marks a shift from the company's earlier communications, as Rivian introduced the third-generation RAP1 chip last December, rated at 1,600 sparse INT8 TOPS, and said at the time the technology would arrive in late 2026. The R2 launched in June without the new hardware, though a production-ready-looking R2 equipped with LiDAR was later spotted near Rivian's Irvine headquarters. Rivian VP of Investor Relations Chip Newcom said production of the RAP1 system will initially focus on the R2, with employees receiving the technology first before the rollout expands to customers in 2027, leaving the late 2026 target technically intact but initially applying only to employees. Rivian SVP of Autonomy and AI James Philbin said the rollout is expected to begin toward year-end, initially reaching early-adopter customers with R1 Gen 2 vehicles and later Gen 2 hardware revisions, including fleets Rivian classifies as Phase II and Phase III, with the company aiming to extend the technology across its full Autonomy+ fleet later next year. Separately, Lucid Group and Bolt have entered a strategic partnership to develop and launch autonomous mobility services across Europe, jointly developing an autonomous driving system-ready vehicle platform designed to support SAE Level 4 autonomous mobility, while France has begun testing two vehicles to evaluate Tesla's Full Self-Driving system after the Netherlands' road authority RDW provisionally approved it for Dutch roads in April.

Tesla, the US electric vehicle maker, showed a notable recovery trend in its European new vehicle registrations in September. Portugal's registrations were 2.283 times the level of the same month a year earlier, France rose 61.9 percent year on year, Sweden gained 38.4 percent, and Spain climbed 24.8 percent, while Norway edged up 2.2 percent and Denmark 2.9 percent, according to figures released by automotive industry associations in each country. According to the European Automobile Manufacturers' Association, Tesla's registrations in the European Union, the United Kingdom, and the European Free Trade Association rose 43.3 percent in the January-August period from a year earlier, outpacing the 38.8 percent growth for EVs overall. Rico Luman, a senior economist at ING Research, noted that because the automotive markets in Norway and Denmark are saturated, EV sales growth is beginning to slow. Meanwhile, Matthias Schmidt, a European automotive market analyst at Schmidt Automotive, said Tesla is likely to see its growth pace slow by 2027 to a level close to that of the overall market as competition with peers intensifies.