Technology would allow several trucks to self drive at a constant speed and near each other. Most analysts agree fully autonomous semi trucks won't be ready for another 10 years or more; platooning is a precursor to the self-driving technology.
"Platooning has the potential to significantly reduce the running costs for truck operators and is an easier bridge to a practical, commercial semi-autonomous application in the early 2020s", Evercore ISI analyst Arndt Ellinghorst said Thursday in a note to investors.
In a specific email between Tesla regulatory official Nasser Zamani and Nevada DMV official April Sanborn, the electric start-up says it wants to test prototypes in Nevada and California. Daimler, Volvo, and other semi-truck makers have invested in the technology and carried out demonstrations on highways. That is, one lead truck provides the correct input and driving directions for the rest of the platoon to follow. Tesla seems to be passing through scrutiny over the safety of using Autopilot since last year's fatal crash in Florida.
Dow slips 100 points as tensions with N.Korea escalate
BONDS: Bond prices rose. "I think before the end of the year the market goes to new highs and (Treasury) yields go higher". Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.
Tesla declined to comment on the matter, referring Reuters to the previous statements by Musk, who has discussed the truck in tweets and at the annual shareholder meeting.
While established trucking companies and truck manufacturing startups have poured resources into electrifying local package delivery fleets, battery range limitations have largely kept the industry from making electric trucks that travel across swaths of the country.
An official from a state authority of Nevada has confirmed that Tesla has not yet been granted a license for testing its upcoming truck automation technology.
Traders Buy High Volume of Call Options on Ford Motor (F)
South Dakota Invest Council accumulated 498,710 shares. 15,634 shares were sold by Bradshaw Christopher Scott , worth $183,981. BMO Capital Markets restated a "market perform" rating on shares of General Motors in a research note on Wednesday, May 3rd.
DSP Traffic, constable shot dead in Karachi
Sources said they likely unloaded several magazines of a 9mm pistol as over a dozen shells were collected from the crime scene. Soon after the incident, law enforcement personnel reached the scene and started an investigation after collecting evidence.
Amber Alert issued for missing boy last seen in Jupiter
Dominic was last known to be in the company of his nanny, Blanca Castro, at his residence in the 100 block of Regions Way. If you have seen or have information on where they could be, call Jupiter Police Department at 561-799-4447 or dial 911.
Trump More Popular Than Congress — CNN Poll
Following the 2014 midterm elections, Republicans gained a slim majority in the Senate and bolstered their majority in the House. McConnell had previously criticized Trump for having "excessive expectations" for legislation due to being a political novice.
USA stocks end lower after comments from Trump
The Labor Department said its producer price index for final demand edged down by 0.1% in July after inching up by 0.1% in June. Declining issues outnumbered advancing ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.47-to-1 ratio favored decliners.
Indian fishermen arrested by Lankan Navy
He pointed out that subsidy scheme to buy long liners for deep sea fishing was launched by the Prime Minister at Rameswaram. It said that the fishermen will be handed over to Jaffna fisheries department for further legal action.