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Tesla Robotaxi
A person steps out of the front passenger seat of a driverless Tesla robotaxi in Austin in June (Jay Janner/Getty Images)

As Tesla and Google’s Waymo move forward with autonomous driving, Americans want guardrails

Most Americans still wouldn’t ride in a robotaxi.

Rani Molla

Tesla and Google’s Waymo are speeding ahead with their self-driving car programs whether Americans want them or not.

And judging from new survey data from Electric Vehicle Intelligence Report, Americans generally don’t.

About 70% of Americans wouldn’t ride in a self-driving taxi or robotaxi. About half of them think Tesla’s full self-driving technology should be illegal, with about a third even saying it makes them less likely to buy a Tesla. The data is similar to findings from the beginning of the summer. Since then, the self-driving market has expanded, but seemingly hasn’t won over any more hearts and minds in the process.

Waymo, which now operates autonomous taxis in five cities, has gotten a permit to test its vehicles in New York City. Tesla, which has since rolled out its self-driving cabs in Austin, has said it’s opening its robotaxi service to the public in September.

As self-driving becomes more of a reality, Electric Vehicle Intelligence Report has been asking consumers more specifics about what they want regarding autonomous vehicle companies.

The topics have courted rare American supermajorities:

Nearly 90% of people said that Tesla would be at least partly to blame for deaths related to cars using its full self-driving tech.

Another 78% supported regulation that would require Tesla to advertise full self-driving showing people with their hands on the wheel. (The company directs drivers to keep their hands on the wheel in the owner’s manual but has advertised it as being hands-free.)

70% said autonomous vehicles should employ both cameras and lidar (which is the case for Waymo, but not Tesla), while just 3% said they should use cameras alone (27% were unsure). Meanwhile, 71% said the government should require companies to use both.

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#10

Tesla just recalled its beleaguered Cybertruck for the 10th time since the vehicle was introduced two years ago. This time the company recalled about 6,000 of the “apocalypse-proof” vehicles due to what the National Highway Traffic Safety Administration says is an improperly installed “optional off-road light bar accessory” that could become disconnected from the windshield while driving, and could “create a road hazard for following motorists and increase their risk of a collision.”

CEO Elon Musk once said he could sell up to 500,000 of the stainless steel behemoths a year. In the first three quarters of this year, the company has sold only about 16,000.

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Analysts lower Meta price targets after social media giant says AI capex will keep climbing

Meta may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI would continue to rise.

The earnings prompted a number of analysts to lower their price targets or downgrade the stock.

RBC Capital lowered its price target to $810 from $840. Bank of America Securities lowered its price target to $810 from $900. Barclays, JPMorgan, Deutsche Bank, and Wells Fargo also lowered their price targets on the company.

Earlier today, Benchmark downgraded its rating to a “hold” from a “buy.” Oppenheimer downgraded the company to “perform” from “outperform,” saying the “significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 Metaverse spending.” Ouch.

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