Elon Musk has cautioned that production would ramp slowly for Tesla's new Cybertruck, but some customers appear set to receive their new vehicles as early as this month.
An analysis from the Washington Post found at least eight fatal or serious accidents involving Tesla's (TSLA) Autopilot occurred in areas where the software could not properly operate. Colin Rusch, Oppenheimer Managing Director & Senior Research Analyst, joined Yahoo Finance to discuss the Washington Post report, saying more transparency is likely necessary regarding the safety of its Autopilot system "As we go forward here, I think there's going to be more public concern... more transparency will be necessary to really gain trust amongst the broader population around how these vehicles operate," Rusch said. "I think it's part of a larger branding issue for Tesla, in terms of how they present themselves because they were seen as the leading company on bringing clean, safe vehicles to market, and now as the reality comes forward, there is a lot more going on here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Elon Musk has asked the Supreme Court to weigh in on whether the Securities and Exchange Commission violated the Tesla CEO’s free-speech rights when it required, as part of a 2018 settlement, that some of his social media posts be vetted in advance.