Tesla Pressured EU Regulators to Keep FSD Safety Data Secret, Emails Show
TSLA is trading near its 52-week low of $297.38 (8.4% above the low).
Summary
Reuters reveals that Tesla pressured the Dutch road regulator RDW to keep Full Self-Driving safety review documentation secret, citing commercial secrets. The regulator approved FSD in April and is now pushing for EU-wide adoption, with a vote possible in October. European safety experts argue the secrecy undermines public trust and safety oversight. This follows Tesla's history of shielding crash data from U.S. regulators and a May Reuters investigation that found its self-published safety statistics exaggerated. The report adds regulatory risk to Tesla's European expansion, where FSD approval is seen as key to regaining market share amid fierce Chinese EV competition.
At the time of this announcement, TSLA was trading at $322.24 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.3T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.