TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Tesla is being investigated.
Category
🥇
SportsTranscript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04It's a mixed bag on Wall Street.
00:06Netflix provided a lift for the Nasdaq.
00:08The streaming leader topped forecasts
00:10and added more subscribers than predicted.
00:13The Dow, however, is under pressure due to American Express.
00:16The credit card company beat profit targets
00:18and guided full year estimates higher,
00:20but sales came in lighter than anticipated.
00:24Turning to other headlines,
00:26the safety of Tesla's so-called full self-driving system
00:30is being put under the microscope
00:32at the National Highway Traffic Safety Administration
00:35after 31 fatalities.
00:38One death in particular involved a pedestrian
00:41who was killed by a Tesla driver
00:43with the system fully in use.
00:45According to the records posted on NHTSA's website,
00:48the new probe will focus on, among other things,
00:50quote,
00:56appropriately to reduced roadway visibility conditions,
01:00whether any other similar crashes have occurred
01:03in reduced roadway visibility conditions,
01:05and if so, the contributing circumstances for those crashes.
01:10Right now, FSD is not fully autonomous
01:13and is supposed to be supervised by the driver.
01:16The agency wants to know how FSD responds to conditions
01:20when visibility is low due to natural occurrences
01:24like fog and sun glare.
01:26The early stage probe extends
01:28into the over-the-air software updates used by Tesla.
01:31The agency wants to know the efficacy
01:33and the safety of such updates.
01:36This NHTSA investigation covers 2.4 million Teslas
01:40currently driving on U.S. roads,
01:42including the new Cybertruck.
01:45That'll do it for your daily briefing
01:47from the New York Stock Exchange.
01:48I'm Conway Gittins with The Street.