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In its fight with the DMV regarding misleading using of the term “self-driving”, Tesla says that the agency has disregarded its use of the term ‘Full Self-Driving’ for so long, it should be allowed keep using it.

Over the last few years, Tesla has been under pressure from the California DMV over its Autopilot and self-driving claims, which the agency believes could be deceptive.

Last summer, Tesla and the DMV went back and forth about the Full Self-Driving (FSD) Beta rollout and marketing around the Full Self-Driving Beta package. It came after the agency had been under some political pressure to force Tesla to report more data about its FSD program.

Over the years, Tesla has been criticized for how it advertises its Advanced Driver Assistance System (ADAS). One of the main concerns has been the actual names of the systems: Autopilot and Full Self-Driving Capability. Some people believe that the names suggest that the systems are autonomous, even though they are only driver-assist systems.

Tesla has also been using this description to avoid having to report data like disengagement, like other self-driving programs in California under the DMV’s jurisdiction.

In short, there’s a serious concern that Tesla is using the term “self-driving” when it benefits the company, but it is quick to claim its cars have nothing to do with self-driving when it is to its advantage, like when it’s time to share data on the program.

The DMV has been looking into the matter as a false advertising issue and Tesla was supposed to answer to inquiries about the problem a long-time ago, but it was delaying its answer.

Now, the LA Times has obtained Tesla’s response to the inquiry and it reveals a strange defense for the automaker.

The DMV “has been aware that Tesla has been using the brand names Autopilot and Full Self-Driving Capability since Tesla started using those names in 2014 and 2016 respectively,” the company said in a response filed in a state administrative court Friday.

The company “relied upon [the DMV’s] implicit approval of these brand names” and “the DMV chose not to take any action against Tesla or otherwise communicate to Tesla that its advertising or use of these brand names was or might be problematic,” the response notice states.

The automaker seems to claim that it should be allowed to keep using the “Full Self-Driving Capability” name because the DMV never objected to it until now.

There’s also a second argument from Tesla.

The automaker claims that preventing the use of the term is an infringement on its free speech:

As to free speech, Tesla claims that the DMV’s false advertising rules on autonomous vehicles “impermissibly restrict constitutionally protected speech that is truthful and nonmisleading.”

How the case will move forward remains to be seen, but the California DMV doesn’t seem to be taking the situation lightly this time.

The agency even talked about revoking Tesla’s manufacturer license, which is being extensively used in California.

Electrek’s Take

Apparently, Tesla believes that there’s a statute of limitations on misleading people about self-driving capabilities.

That’s kind of funny.

Tesla is taking so long to deliver on its self-driving promise that it believes the DMV shouldn’t go after it for selling a self-driving package for 7 years and not delivering it.

I really don’t get that logic.

When it comes to Tesla’s FSD at this point, I’m really in a “put up or shut up” mode.

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Tesla (TSLA) insider trading: Elon’s friend James Murdoch just unloaded $13 million

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Tesla (TSLA) insider trading: Elon's friend James Murdoch just unloaded  million

James Murdoch, a Tesla board member and friend of CEO Elon Musk, has confirmed that he sold about $13 million in stock today as the stock (TSLA) crashed.

There has been a lot of insider trading at Tesla lately, and by trading, we mean selling – cause no insider is ever buying at Tesla.

We recently reported on Kimball Musk, Elon’s brother, and Tesla’s Chief Financial Officer Taneja Vaibhav recently selling ahead of a recent drop in the company’s stock price.

Tesla’s chairwoman, Robyn Denholm, also sold $33 million worth of Tesla shares last week and over $100 million in the last 3 months.

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Now, it’s James Murdoch’s turn. The Tesla board member just confirmed, through a required SEC filing, that he sold 54,776 Tesla shares for just over $13 million today:

He sold as Tesla’s stock crashed 15% today. It is now down more than 50% from its all-time high just a few months ago.

Murdoch was appointed to Tesla’s board in 2017.

He is better known as the son of media mogul Rupert Murdoch and the former CEO of 21st Century Fox from 2015 to 2019.

Murdoch was one of the Tesla board directors who was forced to return almost $1 billion in cash and stock options to Tesla as part of a settlement for over-compensation.

Electrek’s Take

Tesla insiders are unloading, and those are just the ones we know about. Public companies only have to report insider trading for board directors and listed top executives.

For the latter, Tesla purposefully only lists 3 people: Elon, Vaibhav Taneja, Tesla’s CFO, and Tom Zhu, whose role at Tesla has bit quite fluid in recent years.

Therefore, we don’t know about the dozens of other top executives potentially selling their shares right now amid a giant correction.

It’s really suspicious because there are clear top leaders at Tesla who are often on Tesla’s earnings calls, and they are not even listed, like Lars Moravy, for example.

But it’s par for the course at Tesla, which has some of the worst corporate governance I have ever seen. It’s truly shameful.

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Mercedes’ new electric people mover is coming soon: Here’s a sneak peek at the luxe EV van

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Mercedes' new electric people mover is coming soon: Here's a sneak peek at the luxe EV van

The next generation of Mercedes-Benz luxury vans is almost here. Mercedes’ first luxury electric van, based on its new VAN.EA platform, is now in Arjeplog, Sweden, for winter testing. The new platform will serve as the base for upcoming VIP private vans, high-end limousines, luxury all-arounders, and much more.

What we know about Mercedes’ new luxury electric van

Mercedes is already a leading van maker, both for business and private use. Starting next year, all electric Mercedes’ vans will launch on its new Van Electric Architecture (VAN.EA).

After unveiling the platform almost two years ago, Mathias Geisen, Head of Mercedes-Benz Vans, said “VAN.EA clearly underscores our aspiration to ‘Lead in Electric.” He explained that the purpose-built EV architecture supports both mid and large vans.

With a modular design, Mercedes can easily swap out sections to create a different design. The platform consists of three blocks, or modules.

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The first block has the electric powertrain while the middle module determines the van’s dimensions. At the rear, the final module can add another electric motor, giving it AWD capabilities.

With 4MATIC AWD, Mercedes claims the new architecture significantly expands driving range and ensures the vans “meet the highest standards regardless of weather conditions.”

Mercedes'-electric-van-testing
Mercedes-Benz VAN.EA-P electric van testing in Sweden (Source: Mercedes-Benz)

Although final specs will be revealed closer to launch, the electric vans will be based on an 800V platform, suggesting relatively fast charging speeds.

The luxury vans will also be loaded with Mercedes’ new operating system (MB.OS), it’s powerful new in-vehicle software that powers all functions like infotainment, autonomous driving, and more.

After the electric van began testing on public roads late last year, Mercedes said it was headed to Sweden for winter testing before its official debut next year.

Mercedes plans to launch several versions for private and business use. The VAN.EA-P is designed for those looking for a mobile office, family activity vehicle, etc., while the VAN.EA-C is for commercial use, such as courier, express, and parcel delivery vehicles. It can even support larger vehicles like campers or RVs.

Mercedes aims for 20% of van sales to be electric by the end of next year. By 2030, the luxury brand wants half of all van sales to be EV.

Source: Mercedes-Benz

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BlackRock’s Fink says Trump deportations will have severe impact on agriculture, construction

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BlackRock's Fink says Trump deportations will have severe impact on agriculture, construction

BlackRock CEO Larry Fink: Deportations will have severe impact on the agricultural sector

HOUSTON — BlackRock CEO Larry Fink said Monday that President Donald Trump‘s deportation policy will have a severe impact on the agriculture and construction sectors, which could lead to elevated inflation in the near term.

“I think that over the next six to nine months, we’re going to see a little more elevated inflation,” Fink said the CERAWeek by S&P Global energy conference. “I do believe deportations and the speed at which it is happening is going to have severe impacts on the agricultural sector and the construction sector.”

Fink said CEOs in the agriculture sector have told him that about 70% of the men and women who work in the industry were not born in the U.S. This raises the question of whether the U.S. will have enough labor to harvest the crops when spring arrives, Fink said.

“With the whole idea that we’re going to have to use private capital to build out this economy — are we going to have enough workers,” Fink asked. “I’ve even told members of the Trump team that we’re going to run out of electricians as we build out AI data centers — we just don’t have enough,” the CEO said.

This potential labor shortage will contribute to inflation, Fink said. Over the longer term, however, the U.S. could see “big deflation because of the advancement of AI and robots and how that’s going to reshape the economy,” the CEO said.

The deflationary pressure that the U.S. experienced over the past two decades was due in part to the importation of cheaper goods from overseas though this hurt U.S. workers, Fink said. The shift to rising nationalism around the world will have an impact on prices, he said.

BlackRock CEO Larry Fink on how he sees AI changing the labor landscape

“When I go to Washington, they talk about these policies,” Fink said. “I ask at what cost are you willing to tolerate that. “Yes, we may have opportunities to create better and more robust jobs, but then the offside of that will be, it will probably create a little more elevated inflation in the short run.”

Trump’s deportation policy is occurring at the same time the president is imposing tariffs on major U.S. trade partners. The president has slapped 20% tariffs on China. He has paused tariffs on Mexican and Canadian goods that are compliant with the deal that governs trade in North America. But Trump is threatening what he calls “reciprocal tariffs” in April.

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