Slovakia to approve Tesla FSD system within days

Slovakia's transport minister expects to approve Tesla's Full Self-Driving (FSD) system soon, making it the ninth EU country to do so. The minister cited data showing reduced accident rates. Approval follows Tesla's lobbying efforts and previous authorizations in several European countries. An EU-wide vote on FSD is possible in December.

Tesla delivered 486,532 vehicles in Q3, exceeding estimates. Profitability remains uncertain until earnings release on Oct. 21. Q2 automotive gross profit was $7,213 per vehicle, with revenue of $16.2B and costs of $12.8B. Investors will watch for improvements in Q3 margins.

OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), plans to list tokenized versions of 63 U.S. stocks, including Nvidia, Tesla, and Apple, on a blockchain platform. The SEC's new 'innovation exemption' allows this trading, with a 0.25% daily volume cap per stock. Trading may begin as early as November, pending no objections from listed companies. Tokenized stocks will trade 24/7, but liquidity and price accuracy may vary, especially during weekends.

Waymo, an Alphabet subsidiary, raised $5 billion in private debt to expand its robotaxi operations. The company, valued at $126 billion, aims to reach 1 million paid rides weekly by year-end. It operates in six U.S. cities and plans international expansion to Japan and Singapore. Waymo provided 15 million rides in 2025, up from 5 million in 2024. Blackstone, Sixth Street, and PIMCO participated in the debt offering, priced at 5.25% over benchmark rates.

Tesla's Virtual Power Plant (VPP) in California set a record on October 6, with 85,774 homes delivering 601 MW of electricity. The event surpassed a September peak of 507 MW from 69,000 homes. Tesla's VPP coordinates Powerwall batteries to support grid demand, benefiting both utilities and homeowners who are compensated for their participation.

German regulators agreed to support EU-wide approval for Tesla's FSD, with a speed cap 10% above limits. Tesla may rename it 'Tesla Assisted Driving' to clarify driver responsibility. FSD is currently available in eight European countries, with EU-wide approval pending. The system has 1.48 million subscribers, priced at €99/month in Europe.