TSLA -3.22% vs Nasdaq -1.03% to close at $356.09 · 6:45am AEST
Tesla closed Tuesday at $356.09, down 3.22 percent, while the Nasdaq fell 1.03 percent. Volume was about 36 million against a Yahoo average near 42 million. After-hours sat around $355.55. Next US cash open is tonight about 11:30pm Melbourne. Macro was ugly into the session. Yields and oil jumped on fresh US strikes on Iranian targets, and September is usually a soft equity month. Tesla still underperformed the tape by about two points after Monday's Cybercab run-up.
Biggest overnight story was Europe. Tesla Europe posted that FSD Supervised is approved in five EU countries, Netherlands, Denmark, Belgium, Estonia, and Lithuania, used by more than 70,000 customers for over a million kilometres a day, and is 4.1 times less likely to crash than manual driving across about 100 million kilometres of public EU roads. Reuters has the collision split from April through August: FSD cars logged 3 highway and 9 non-highway collisions versus 137 and 490 for manual Teslas. The company published an Article 39 FSD Supervised dashboard on tesla.com ahead of a potential EU-wide vote on 6 October. Drive Tesla notes the multiple was 5.2 times at 65 million kilometres earlier, so the bigger sample tightened it. Five approving states are still under 9 percent of EU population, and France has said it will not authorize FSD Supervised in its current form.
Cybercab Austin is tomorrow, invite-only at Gigafactory Texas with a livestream planned. Texas still shows 45 Cybercabs registered under Tesla Robotaxi, LLC with the 5YJA VIN prefix. Teslarati had Cybercab sightings Tuesday in Weatherford, Texas, well outside Dallas, and another in the Philadelphia area with a safety driver. Not a Tesla App posted a Cybercab screen-drive clip and a new Robotaxi mini-map vehicle icon that may land on FSD too.
Same day as the countdown, Waymo said paid driverless rides are starting in Denver, San Diego, and Tampa, taking its commercial footprint to 14 US cities with a fleet over 4,000 and more than 500,000 rides a week, targeting a million a week by year-end. Zoox is testing this month in Houston and San Diego with supervisors, paid service still Las Vegas only. CNBC carried Goldman's US robotaxi market path of about $3 billion next year to $19 billion in 2030 and $48 billion in 2035.
August Europe registrations were mixed. Reuters had France up 279 percent year over year and Denmark up 104 percent, with Norway and Spain down 79 percent and Sweden down 41 percent. Norway printed 627 Teslas in August. UK and Germany numbers are due later this week.
On energy, Tesla Energy said Virtual Power Plant programs recently launched in Philly, New Orleans, and East Texas so Powerwall owners can share capacity with the grid. Elon retweeted it Tuesday.
Calendar: Cybercab Austin is Thursday 3 September. US Labor Day closes NYSE and Nasdaq Monday 7 September. IAA Transportation in Hannover runs 15 to 20 September with Semi Europe specs expected. Semi Sparks invite rollout is 24 September. EU FSD vote watch is 6 October. Street estimate for Q3 earnings is still around 21 October.
