Denmark Approves Tesla FSD; Rivian Unveils Cheaper EV Rival & SpaceX IPO Challenge
TSLA•Tesla's FSD Supervised software earned Danish road approval this week, supported by its new in-house AI chips. Rivian launched a lower-priced EV to challenge the Model 3, and SpaceX’s $75 billion IPO at $135 per share faces a delay request from Senator Warren.
1. FSD Approval and AI Chip Deployment
Danish authorities authorized Tesla’s Full Self-Driving Supervised software for on-road use, marking the first EU approval for the system. The rollout coincides with Tesla’s deployment of proprietary AI chips designed to handle neural network computations internally, aiming to reduce latency and hardware costs.
2. Rivian’s Lower-Priced EV Challenge
Rivian introduced its new lower-priced electric vehicle this week, positioning it directly against Tesla’s Model 3 in the mid-range segment. The move signals escalating price competition as traditional EV makers seek to capture budget-conscious buyers.
3. SpaceX IPO Faces Governance Scrutiny
SpaceX set its IPO at $135 per share to raise $75 billion and attain a roughly $1.77 trillion valuation, prompting record demand of about $150 billion. Senator Warren has urged the SEC to investigate disclosure gaps and concentrated governance before approving the Nasdaq debut.
4. XPeng CEO Assumes Robotics Leadership
XPeng’s CEO He Xiaopeng took direct charge of its robotics division following a senior executive’s departure, with plans to begin mass production of its Iron humanoid robots by end-2026. This leadership shift intensifies the race with Tesla’s Optimus program in the commercial robotics market.
