New York (CNN Business)Among all the powerful institutions skeptical/concerned about Tesla's self-driving ambitions At — certain U.S. Congressmen, auto industry experts, safety regulators — it's the unglamorous and almost universally terrifying automotive sector that can finally suffice , my Colleague Matt McFarland reports.
Here's the problem. Tesla sells its "fully self-driving" technology as an add-on. In theory, the car's computer could control steering, braking, and acceleration.
The problem is that it is different from "fully automated driving". The feature does not allow the driver to check out and watch her TikTok or take a nap on the way to work. In fact, drivers should take precautions just in case. This, in Tesla's own words, is when cars "do the wrong thing at their worst."
This technology Despite the obvious deficiencies of the Automobile Regulators, like the National Highway Traffic Safety Administration, have so far proven powerless against Tesla.
So where can we find a hero to stand up to the world's most valuable automaker and his CEO who is masquerading as a comic book villain?
Under dim, flickering lights, you enter the DMV, California, where a long paper cloak billows in the faint breeze from a single oscillating fan.
The department recently filed a complaint with the state, effectively accusing Tesla of false advertising. So
Tesla can't afford to lose a mile in California, the state where the company was founded and the largest market in the United States.
But for now it is unclear how the differences between Tesla and his DMV will be resolved, and the conflict could include lengthy litigation.
A legal scholar told Matt that the settlement could include changes to how Tesla talks about its systems on its website, promises to avoid similar behavior in the future, or even new names for products.
Conclusion
The Kali DMV is not your typical unfriendly bureaucracy. Or rather,not only . The sector has a history of regulating self-driving cars, largely because many of the companies developing self-driving cars are based in California.
Although its actions are officially limited to the states, the country has a history of following California's lead on motor vehicle regulation. When California sets standards for things like carbon emissions, it basically forces the entire auto industry to meet those standards across all of their vehicles. Because it's not cost effective to tailor California products to one state.
Tesla is in uncharted territory with EVs and semi-autonomous navigation, making it tough for federal regulators to crack. Perhaps the breakthrough will come in California, the progressive startup dreamland recently sobered by Elon Musk moving Tesla's headquarters from Palo Alto to Austin, Texas.
Number of days: 5,760
"Housing Depression"
The last few years have been an anomaly. continues. The housing market does not appear to be returning to pre-pandemic normal anytime soon.
US new home construction slowed waaayyy last month, with housing starts (a new contraction indicator) plummeting 9.6% from June to July, fell 8.1% from July to July. a year ago, according to government data released on Tuesday. Let's dig in:
The Big Picture
As construction costs continue to rise, coupled with rising interest rates impacting mortgage rates, We are in a “housing crisis”. Robert Dietz, chief economist at the National Association of Home Builders, said:
Potential homebuyers are canceling the most deals since spring 2020, when it felt a little existentially precarious for humans.
It's a difficult transition to make here: home prices must fall to attract buyers, but until inventories build up (or other unforeseen global events cause demand to suddenly rise). You can't bring home prices down until they skyrocket). ).
But, of course, no builder will continue building unless someone buys.