Market Chatter: Tesla's Full Self-Driving Technology May Hit Regulatory Roadblock in European Union

MT Newswires Live16:58

Tesla's (TSLA) full self-driving system could be facing skepticism from European regulators toward the technology and its stated safety benefits, raising concerns about its approval in the European Union, Reuters reported.

Regulators in the Netherlands, Sweden, Finland, Denmark, and Norway have raised several concerns over the technology, the news report said Tuesday.

FSD's tendency to speed, whether it is safe to use on icy roads, and drivers' ability to circumvent features designed to prevent cell-phone use are among the worries surrounding FSD, according to emails seen by Reuters through public records requests. Regulators also expressed frustration with Tesla's strategy of publicly encouraging vehicle owners to pressure regulators to approve FSD, the news report said.

Tesla's "FSD (Supervised)" technology was approved for use in the Netherlands last month, the Dutch road regulator RDW said on April 10. A European Union committee will hear from Dutch officials on Tuesday why they approved Tesla's FSD and why other EU member states should follow suit, according to Reuters.

Tesla did not respond to requests for comment, Reuters said. The electric vehicle manufacturer did not immediately respond to a request for comment from MT Newswires early Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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