Tesla Roadster demo slips to October 15 as BYD and Xiaomi already sell its promises (and failed)

Tesla (TSLA) began delivering its Semi trucks from a new Nevada factory, with a capacity of 50,000 trucks annually. Morgan Stanley estimates the Semi could generate $17B in software revenue and $7.5B in EBIT by 2040, with early customers including PepsiCo (PEP), DHL, and US Foods (USFD).

Tesla (TSLA) gained regulatory approval for its FSD software in Croatia, expanding its European rollout. However, EU-wide approval was delayed until December. TSLA shares rose 0.4%, facing a potential third monthly selloff. The company also postponed its Roadster demo to October 15 due to weather. Analysts lowered Q3 delivery estimates, with JPMorgan and Goldman Sachs predicting 482,000 and 435,000 vehicles, respectively. Retail sentiment turned bearish, with support noted at $356.

The European Transport Safety Council urged EU members to reject Tesla's (TSLA) Full Self-Driving speed offset function, citing concerns it could exceed speed limits. Tesla has not sought UN exemption for this feature. Several countries have raised concerns, while others have approved it. EU-wide approval is delayed until at least December. Tesla did not comment.

Tesla (TSLA) has begun volume production and deliveries of its Semi-truck, with a reported 2,500-unit order from a venture backed by Microsoft and PepsiCo. Production was delayed due to factory construction, battery tech improvements, and Megacharger development. Tesla claims its Semi costs half per mile to operate compared to diesel trucks, with prices starting at $260,000.

The Trump administration issued new fuel-efficiency rules, lowering the 2031 model-year vehicle requirement to 34.9 mpg from 50.4 mpg. Critics argue this will increase consumer costs and pollution, while supporters claim it will boost the auto industry and lower vehicle prices. The move may impact EV companies like Rivian, Tesla, and Lucid, and California plans to challenge it in court.

Tesla announced that its Full Self-Driving (Supervised) system has been approved in Croatia, making it the eighth EU country to recognize the Dutch approval. The Croatian regulator had previously indicated it would wait for an EU-level debate. Tesla's claim is yet to be independently confirmed. Croatia's approval adds less than 1% to the EU population covered.