This week has been a rollercoaster ride for the business world. From airlines grappling with fuel price hikes due to the ongoing Iran war to Tesla Inc. (NASDAQ:TSLA) facing regulatory scrutiny and revised delivery forecasts, there’s a lot to unpack.
Let’s dive into the top stories of the week.
United, American Airlines Signal Capacity Cuts Over Elevated Fuel Costs
The war in Iran is causing turbulence in the aviation sector, with fuel costs soaring. United Airlines Holdings Inc. and American Airlines Group Inc. have hinted at potential capacity cuts. United CFO Michael Leskinen, speaking at Morgan Stanley’s Laguna Conference, stated that the airline is prepared to adapt to the changing global landscape.
NHTSA Orders Tesla to Answer Cybercab Certification Questions
The U.S. National Highway Traffic Safety Administration has ordered Tesla Inc. to respond to 21 detailed questions regarding the self-certification of its Cybercab robotaxi. The responses, due by Sept. 30, must be made under oath by a Tesla officer.
Goldman Cuts Tesla Q3 Delivery Forecast to 435,000
Goldman Sachs has revised its third-quarter delivery forecast for Tesla Inc. to 435,000 vehicles, a significant drop from the previous estimate of 490,000. This new forecast is also below the 456,000 Visible Alpha consensus.
Waymo Expands Robotaxi Battle to Las Vegas
Alphabet Inc.-backed Robotaxi service Waymo is expanding its autonomous vehicles in Las Vegas and planning a 2027 rollout in Tokyo. The majority of the fleet in Las Vegas will comprise the Geely Automobile Holdings Ltd.-backed Zeekr’s co-developed “Ojai” Robotaxis.
Trump’s China Car U-Turn?
President Donald Trump has hinted at a possible change in stance towards Chinese automakers entering the U.S. market. In an interview with Fox News, Trump dismissed rumors of a framework allowing Chinese automakers to enter the U.S., but suggested he might be okay with them building vehicles in the country.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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