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Waymo registers German entity, signaling European robotaxi expansion.
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Jack Henry & Associates IncJKHY
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Google Cloud expands partnership with Jack Henry for AI security platform.
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Tesla's Cybercab Faces NHTSA Probe Over Missing Steering Wheel and Pedals
Tesla's new Cybercab robotaxi has drawn a federal probe from the National Highway Traffic Safety Administration after hitting American roads for the first time earlier this month. The two-seat vehicle has no steering column, gas or brake pedals, and no LiDAR or radar sensors, relying only on cameras and AI, and it also lacks standard rear-view and side mirrors. A first fleet of 45 Cybercabs began operating in Austin, Texas, after a September 4 kickoff, and the NHTSA is now investigating whether the model meets Federal Motor Vehicle Safety Standards covering controls, displays, braking and acceleration. The agency said it fully supports safe development of automated vehicles but must ensure all laws are followed, and it is examining how much Tesla's self-certification depended on determinations that certain standards are inapplicable to the Cybercab. Tesla has until September 30 to demonstrate under oath how the model adheres to federal standards essential to its legal sale and commercial use in the U.S., and it could face steep fines, enforced quality monitoring or design directives if the vehicle falls short.
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Ross Gerber Spots Hundreds of Waymo Robotaxis in Santa Monica Lot
Investor Ross Gerber said he found a "secret" lot in Santa Monica, California, containing hundreds of Waymo autonomous vehicles ready to deploy, suggesting the Alphabet-backed robotaxi company may be preparing to scale its fleet. In a post on X on Wednesday, the Gerber Kawasaki Wealth Management co-founder said "something crazy is about to happen" and later added that Waymo appears to be "moving into big time scale mode." Gerber contrasted Waymo's apparent expansion with Tesla's Cybercab, saying the Tesla vehicle was wasting time because the company did not apply for an exception for having no brake pedal. The National Highway Traffic Safety Administration issued a special order for Tesla on September 10 requiring the company to answer questions under oath about the Cybercab by September 30 as part of its examination of Tesla's self-certification following the vehicle's Austin deployment. Waymo recently announced it was rolling out its robotaxi network in Las Vegas with a nearly 24-mile service area, plans to expand to other parts of Clark County, and is targeting a 2027 rollout in Tokyo, while Uber Technologies is preparing an autonomous-vehicle pilot in Tokyo in late 2026.
Goldman Sachs Cuts Tesla Delivery Forecasts on Weak China, US, Europe Sales
Goldman Sachs has cut its delivery forecast for Tesla, lowering its third-quarter projection to 435,000 vehicles from 490,000 and its fourth-quarter forecast to 475,000 vehicles from 515,000, citing weaker sales trends across the company's most important markets. The bank noted that monthly and weekly sales in China, the US, and Europe are tracking below earlier expectations. The new Q3 projection sits below the consensus estimate of 456,000 vehicles, while the new Q4 forecast remains above the consensus estimate of 462,000. With Tesla's core vehicle business under pressure, its investment case increasingly depends on autonomy initiatives, including the Full Self-Driving system and the Cybercab robotaxi, which is now offering services in Austin, Texas, but faces an NHTSA investigation into whether Tesla properly self-certified the vehicle as compliant with federal motor vehicle safety standards. According to Insider Monkey's database, the number of hedge funds holding Tesla shares fell to 116 in Q2 from 123 in Q1, and as of August 31, 74.2 million Tesla shares were sold short, representing 2.35% of the public float, with bearish bets up 7.27% from the previous reading.