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News on Medial
Tesla files new 'Robotaxi' trademark applications after prior attempt stalls
TechCrunch
·
2m ago
Medial
Tesla has submitted trademark applications for "Tesla Robotaxi" after previous attempts with "Robotaxi" and "Cybercab" encountered issues with the U.S. Patent and Trademark Office. The USPTO required more detail for "Robotaxi" and denied "Cybercab" due to other uses. Tesla aims to secure trademarks for its autonomous ride-hailing services, app, and vehicles. The company plans to begin testing in Austin, Texas, and has additional trademark applications for "Robobus," "Robus," and "Cyberbus."
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Tesla files trademark infringement case in Delhi High Court
Livemint
·
1y ago
Medial
Tesla Inc. has filed a lawsuit against Tesla Power India Pvt. Ltd, a battery seller based in Gurgaon, for trademark infringement. The Delhi High Court issued a notice and instructed Tesla Power to refrain from using the Tesla trademark in promotional advertisements. Tesla argued that the use of the similar trademark by Tesla Power was causing confusion among consumers and harming their business. However, the court criticized Tesla for lack of urgency and stated that Tesla Power should be given the chance to present their case. Tesla Power clarified that they are selling lead acid batteries, not EV batteries.
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Tesla gets first in a series of permits it needs to run robotaxis in California
Economic Times
·
4m ago
Medial
Tesla received initial approval from California to potentially launch a robotaxi service. The California Public Utilities Commission granted the company a transportation charter-party carrier permit, which allows operating a vehicle fleet for pre-arranged trips. However, this permit doesn't authorize autonomous public ride services. Tesla still needs additional permits from the California DMV and CPUC for a fully operational robotaxi service. Despite CEO Elon Musk's focus on robotaxis, further applications and approvals are necessary.
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Elon Musk says robotaxis are Tesla's future, experts have doubts
Economic Times
·
1y ago
Medial
As Tesla's electric car sales decline, CEO Elon Musk is shifting focus to artificial intelligence (AI) in an attempt to convince investors of future profitability. Musk envisions Tesla as a major player in the driverless taxi market, claiming the company is close to perfecting autonomous vehicles and securing regulatory approval for their deployment. However, significant technological advancements and changes in consumer behavior will be necessary for Musk's vision to become a reality. Tesla will face fierce competition from companies like Waymo, Cruise, and ride-hailing services. Skepticism about Tesla's plans is growing, particularly after the company reported a drop in second-quarter profit and delayed the unveiling of its robotaxi design.
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Delhi HC Seeks Dealer, Product Details From Tesla Power India In Trademark Case With Musk’s Tesla Inc
Inc42
·
1y ago
Medial
Sure, here's a summary in about 75 words: The High Court has issued a directive in a trademark case involving Tesla Inc. The court's decision came after Tesla Inc. claimed that Tesla Power India was selling electric vehicle scooters through dealers using various sub-brands, despite an undertaking not to do so. As a result, the HC ordered Tesla Power India to stop publishing advertisements for its EV products.
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Tesla expected to launch long-discussed robotaxi service
Economic Times
·
1m ago
Medial
Tesla is expected to launch its robotaxi service in Austin, Texas, using Model Y vehicles, marking a significant step in Elon Musk's vision for autonomous technology. The launch, set amid Musk's refocus on business after a controversial phase, aims to shift from traditional to autonomous transportation. Analysts, including Wedbush's Daniel Ives, view this as a potential growth driver, despite regulatory challenges and the need for Tesla to align with new Texas laws regarding autonomous vehicles.
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Somerset exits nutraceutical bet after IPO stalls but misses the benchmark
VCCircle
·
5m ago
Medial
Healthcare-focused private equity firm Somerset Indus Capital Partners has divested from all investments in its first fund, exiting a nine-year-old investment in a nutraceutical company via a buyback transaction. The firm, which is in the process of raising approximately $250 million for its third fund, made this exit after an IPO attempt stalled, although it missed its benchmark target in the process.
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Tesla Unveils Two-Seater Cybertruck-Inspired Robotaxi Concept
Robots
·
1y ago
Medial
A new image of a Tesla robotaxi concept inspired by the Cybertruck design has emerged from Elon Musk's biography by Walter Isaacson. The concept features a two-door, two-seater compact vehicle with angular edges and stainless steel finish. The book also reveals an early robotaxi prototype with room for luggage behind the seats. Elon Musk envisions a fully autonomous robotaxi without pedals or a steering wheel, despite current safety standards. The robotaxi concept aligns with Tesla's goal of deploying autonomous vehicles for ride-hailing services, with plans to launch one by 2024.
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Tesla hires former Cruise executive as AI director: Report - The Economic Times
Economic Times
·
1m ago
Medial
Tesla has hired Henry Kuang, former head of autonomy at General Motors' Cruise, as its AI director to enhance its robotaxi operations in the U.S. This appointment comes amidst several high-profile departures, including senior executives. Kuang's specific role is unclear, as Ashok Elluswamy continues leading Tesla's self-driving efforts. Tesla is undergoing restructuring, focusing on AI-driven self-driving tech and robotics, with plans to expand Model Y robotaxis after launching them in Austin, Texas.
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Tesla likely to face 'a few rough quarters' from end of US EV support: CEO Elon Musk - The Economic Times
Economic Times
·
15d ago
Medial
Tesla is facing financial challenges due to declining sales, unmet profit targets, and reduced U.S. tax credits for electric vehicles. CEO Elon Musk anticipates "rough quarters" ahead but is optimistic about future revenue from self-driving technology and robotaxis. Delays in launching a more affordable car and executive exits have further worried investors. Despite current setbacks, Tesla plans to ramp up production of new models and expand its robotaxi services globally.
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Tesla's Robotaxis finally hit the streets — USP, roadblocks and more
Economic Times
·
1m ago
Medial
Tesla has launched its first robotaxi pilot in Austin, Texas, deploying a fleet of 10-20 fully autonomous Model Y vehicles. Offering rides at $4.20, this marks Tesla’s entry into the self-driving ride-hailing market against competitors like Waymo. Unlike Waymo’s sensor-based system, Tesla relies solely on cameras and an all-new software. However, safety concerns have been raised, particularly from Texas Democrats, urging a delay until safety regulations are in place.
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