Tesla, Waymo, Uber Driverless Rides Greenlighted in Las Vegas

Nine automakers, including Tesla (TSLA), are recalling over 4 million vehicles in China due to door handle safety concerns. Tesla is recalling nearly 3 million vehicles, with its stock falling 4% on Aug. 24. The recall follows incidents where door handles failed during emergencies. Tesla plans to add warning labels and make software updates. Chinese regulators are enforcing the recall, with new rules requiring manual release handles on both sides of vehicles by 2027.

Tesla plans to unveil its Cybercab production vehicle on September 3, aiming to replace Model Y Robo taxis. The vehicle features no pedals, steering wheel, and scissor-like doors. Tesla has approval for 5,000 robot taxis in Las Vegas, with 2,500 expected within a year, according to the company. The stock is down 23% year-to-date, and the event could serve as a catalyst.

Uber was fined €825M ($966M) by the Dutch Data Protection Authority for violating GDPR by automatically deactivating driver accounts without sufficient warning or human oversight. The company plans to appeal, stating it disagrees with the decision. The fine is the second-largest under GDPR, according to Reuters.

Tesla is recalling 3 million vehicles in China due to concerns about electronic door handles and driver-attention systems. The recall affects various models produced from 2019 to 2026. Tesla plans software updates and warning labels. Meanwhile, Model Y deliveries in China fell 18% year over year in July, according to the China Passenger Car Association.

Tesla (TSLA) will unveil its production Cybercab, a two-seat, autonomous vehicle, on September 3 in Austin, Texas. The launch follows Nevada's approval for Tesla and other companies to operate commercial robotaxis. Tesla's stock dropped despite the upcoming reveal, as the company's growth plans hinge on its robotaxi fleet and Full Self-Driving (FSD) software. Tesla received the largest allocation of permits, while Waymo (GOOG, GOOGL) and Uber (UBER) also secured approvals.

Tesla, Xiaomi, Geely, Leapmotor, and Xpeng are recalling 4.3 million cars in China due to safety concerns over electronic door handles. Tesla's recall affects 2.98 million vehicles, starting September 25. Regulators aim to improve safety with stickers and software updates.