News
Consumer Reports urges Tesla to disable Autopilot steering
Consumer Reports has publicly called on Tesla to disable the automatic steering portion of Autopilot in the wake of the fatal accident that took the like of Joshua Brown. Tesla’s Autopilot allows the vehicle to automatically steer, accelerate and brake when navigating highways with lane markings. It should be deactivated “until it can be reprogrammed to require drivers to keep their hands on the steering wheel,” says the consumer watchdog organization.
The editors of Consumer Reports say the name Autopilot is “misleading and potentially dangerous.” They want Tesla to block its automatic steering technology, overhaul it, and rename it. Laura MacCleery, vice president of consumer policy and mobilization for Consumer Reports, said in a statement that self-driving systems “could make our roads safer” eventually, “but today, we’re deeply concerned that consumers are being sold a pile of promises about unproven technology.”
That’s quite a reversal for an organization that tested a Tesla with Autopilot last October and reported that is “worked quite well,” given its limitations.
Tesla and Elon Musk are sticking to their guns. “Tesla is constantly introducing enhancements proven over millions of miles of internal testing to ensure that drivers supported by Autopilot remain safer than those operating without assistance,” Tesla said in a statement on July 14. “We will continue to develop, validate, and release those enhancements as the technology grows. While we appreciate well meaning advice from any individual or group, we make our decisions on the basis of real world data, not speculation by media.”
At issue are the length of time the car will continue to drive in semi-autonomous mode even when the system detects no hand on the wheel and how the system alerts drivers that it is time for them to resume direct control of the car. In a recent crash involving a Model X driving on a twisty road in Montana, the company says there was no hand on the wheel for more than 2 minutes. The car was traveling at 60 miles an hour, which means it went more than 2 miles with no human input. The driver says he was unaware the car was directing him to take control because his native language is Mandarin, not English.
Also, some drivers report they were unaware the system had handed back control to them, leaving them responsible for driving the car. Ambiguity is not in anyone’s best interests when it comes to driving a motor vehicle.
“Tesla Autopilot functions like the systems that airplane pilots use when conditions are clear,” Tesla said. “The driver is still responsible for, and ultimately in control of, the car. This is enforced with onboard monitoring and alerts. To further ensure drivers remain aware of what the car does and does not see, Tesla Autopilot also provides intuitive access to the information the car is using to inform its actions.” Some drivers feel that “intuitive access” is less successful that it could be. That’s an area that Tesla could address fairly easily by making warnings clearer and less ambiguous.
Consumer Reports’ suggestion seems more than a little over the top. Still, Tesla has to tread carefully here. Rumor and innuendo can have a strongly negative effect on consumer opinions. Some people may remember the maelstrom surrounding the Audi 5000 sudden unintended acceleration situation that happened some time ago. 60 Minutes got involved and people started calling it a “death car.” Audi sales plummeted and it almost went out of business.
There are hundreds of thousands of motor vehicle accidents every year on America’s roads. Few ever garner any media attention. Why is this one crash causing such a commotion? “If it bleeds, it leads,” is a popular expression it the news business and the media have been quick to make a cause célèbre out of Brown’s death.
Elon is not easily dissuaded from his chosen course. But there is ample evidence to suggest that human drivers are not as alert and tech savvy as perhaps the company assumes they are. The trick is to satisfy any safety concerns without stripping the Autopilot system of its life saving features. Ultimately, the question comes down to whether the death of one driver should be an excuse for failing to protect hundreds if not thousands of other drivers from injury or death.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
