- Reuters reports Tesla provided misleading FSD safety data to regulators in Sweden and the Netherlands to secure European approval.
- EPA documents reveal new Cybercab specs including a 219-hp motor, 3,113-pound curb weight, and a 50-kWh battery pack.
- SpaceX's market capitalization reached $2.1 trillion following its Nasdaq debut, officially overtaking Tesla's $1.52 trillion valuation.
- Rivian CEO RJ Scaringe announced plans to launch a supervised point-to-point driving system similar to Tesla's FSD later this year.
FSD Safety Data Under Fire in Europe
Tesla is facing accusations of presenting "misleading marketing" as factual safety data to European regulators in its push for Full Self-Driving (FSD) approval Reuters. Correspondence obtained through public records requests shows Tesla provided Dutch road regulator RDW with self-published statistics claiming FSD usage leads to safer roads, despite researchers questioning the validity of Tesla's data comparisons Reuters.
While the RDW approved FSD for use in the Netherlands in April 2026 and is now seeking EU-wide approval, independent experts argue Tesla’s claims that the system is 10 times safer than human drivers are exaggerated Reuters. Regulators in Sweden have also been approached with similar data, though they maintain they look beyond "headline figures" to assess actual system safety Automotive News.
Cybercab Specs Leaked via EPA Filings
Internal documents submitted to the Environmental Protection Agency (EPA) have pulled back the curtain on the upcoming Tesla Cybercab, or Robotaxi. The filings indicate the two-seater will feature a 219-hp front-mounted electric motor and a curb weight of 3,113 pounds Car and Driver. This lightweight profile is paired with a relatively small 50-kWh battery pack Car and Driver.
Preliminary lab testing suggests the Cybercab will achieve an EPA-estimated range of just under 280 miles Car and Driver. While Tesla has marketed the vehicle as lacking traditional controls, the EPA documents provide the first concrete mechanical baseline for a vehicle that Elon Musk has promised for over a decade CleanTechnica.
SpaceX Overtakes Tesla in Valuation
Following its historic Nasdaq debut, SpaceX has officially surpassed Tesla in market valuation. As of the most recent market close, SpaceX holds a market cap of $2.1 trillion, compared to Tesla's $1.52 trillion TechCrunch. SpaceX is now the sixth most valuable U.S.-listed company, trailing only the major tech titans like Nvidia and Apple TechCrunch.
Speculation regarding a potential merger between the two Musk-led companies has intensified. SpaceX’s S-1 filing included language regarding the potential issuance of "significant amount of equity in connection with future transactions," which analysts believe could signal a tie-up with Tesla TechCrunch. SpaceX President Gwynne Shotwell noted that a merger "might make Elon’s life a little easier" TechCrunch.
Market Watch
TSLA is currently trading at $410.84, up from its last close of $408.63 Yahoo Finance. The stock gained 0.54% during the previous session as investors digest the implications of the SpaceX IPO and European FSD progress Moomoo. A self-driving theme ETF rose 3.01% on news of FSD momentum in Denmark Moomoo. Meanwhile, SpaceX (SPCX) continues its momentum, jumping 6% in premarket trading on Monday CNBC.
Quick Hits
- Rivian CEO RJ Scaringe plans to roll out point-to-point supervised driving this year, calling it "very similar to Tesla's FSD" Stocktwits.
- Tesla's FSD was recently rebranded as "Tesla Assisted Driving" in China to comply with local regulations Mashable.
- New electric vehicle registrations in the U.S. fell 9.8% in April, though the Tesla Model Y bucked the trend with 61% growth Automotive News.
- Chinese competitor XPENG is targeting a 2027 global rollout for its VLA 2.0 system, which it claims has L4 autonomous potential Mashable.
- Waymo's expansion into New Orleans faces regulatory hurdles, with city officials unlikely to approve driverless taxi operations before 2027 Axios.
- SpaceX is scheduled to launch 24 Starlink satellites from Vandenberg Space Force Base today at 8:34 a.m. PDT Spaceflight Now.
- Analysts recall Musk's 2016 prediction that a Tesla would drive coast-to-coast autonomously by 2017, a target missed by nearly a decade CleanTechnica.
- Rivian has partnered with Uber to deploy 50,000 R2 robotaxis, with paid rides expected to begin in 2028 Stocktwits.
- Stellantis has abandoned its "multi-energy" strategy for small EVs, shifting focus toward pure electric platforms to compete with Tesla Automotive News.
- SpaceX shares rose 19% on their first day of trading, ending with a valuation of $2.1 trillion Barron's.
Sources: Reuters | Moomoo | Car and Driver | Stocktwits | Mashable | CleanTechnica | Axios | TechCrunch | Automotive News | Spaceflight Now | CNBC | Barron's | Yahoo Finance