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Alphabet Inc’s Waymo unit plans to launch an autonomous ride-hailing service for the general public with no human driver behind the steering wheel in Arizona later this year. But unlike GM, Waymo’s vehicles will have human controls for the time being. In March, a self-driving Uber Technologies Inc [UBER.UL] vehicle struck and killed a pedestrian, while the backup safety driver was watching a video, police said. Uber suspended testing in the aftermath and some safety advocates said the crash showed the system was not safe enough to be tested on public roads.

NHTSA has stepped up its self-driving car focus as legislation in Congress on self-driving cars, which passed the U.S, House of Representatives in 2017, has stalled, It has only a slender chance of being approved in 2018, congressional aides said, The report said “NHTSA’s current statutory authority to establish motor vehicle safety standards is sufficiently flexible to accommodate the design and performance of different” automated vehicles, The Center for Auto Safety said NHTSA should require companies black compass cufflinks to “submit evidence” that their self-driving technology is safe “before involuntarily involving human beings in their testing.”..

GM said in a statement on Thursday that “legislation is still urgently needed” to allow “the full deployment of self-driving vehicles.”. Automakers have warned it could take too long for NHTSA to rewrite the rules to allow for the widespread of adoption of self-driving cars without human controls. The department also said it “no longer recognizes the designations of ten automated vehicle proving grounds” announced in January 2017. The sites, including a Michigan center that U.S. President Donald Trump visited last year, were named by Congress to be eligible for $60 million in grants “to fund demonstration projects that test the feasibility and safety” of self-driving vehicles.

(Reuters) - Shares of Tesla Inc (TSLA.O) fell 7 percent on Friday, as David Einhorn’s hedge fund Greenlight Capital slammed the electric carmaker the day after Tesla CEO Elon Musk mocked the U.S, Securities and Exchange Commission on Twitter, The sell-off started in morning trading the day after Musk stirred nerves about a settlement of his securities fraud lawsuit by calling the SEC the “Shortseller black compass cufflinks Enrichment Commission” on Twitter, His tweet came hours after a federal judge ordered him and the regulator to justify their settlement..

“Just want to (sic) that the Shortseller Enrichment Commission is doing incredible work,” Musk, a frequent critic of investors betting against the electric car company said in the tweet. “And the name change is so on point!”. In its quarterly letter, Greenlight said on Friday its short position on Tesla was its second-biggest winner in the third quarter. The hedge fund said Musk has been deceptive and the carmaker’s woes resemble those of Lehman Brothers before its collapse.

Tesla shares plunged last week after the SEC accused Musk, 47, of fraud over “false and misleading” tweets on Aug, 7 that promised to take Tesla black compass cufflinks private and said funding had been secured, The lawsuit threatened Tesla and Musk with a long fight that could have undermined the company’s operations and ability to raise capital, In the settlement announced over the weekend, Tesla and Musk agreed to pay $20 million each to the regulator while Musk, also a large Tesla shareholder, would step down as chairman but continue as CEO..

The settlement provided for appointment of a new chairman and directors, as well as moves to oversee Musk’s output on social media. Peter Haveles, a partner in the Trial and Dispute Resolution Practice Group, said Musk’s tweets showed his lack of self discipline and puts intense pressure on Tesla board. Several Twitter users also criticized Musk, who has over 20 million followers on the social media platform, for his tweets targeting regulators and short sellers. “I have lost 30 years of my life savings all in $tsla thanks to your tweets please stop,” TrendTrader007 wrote.

“If you continue this self destructive path you will lose all your ardent supporters and the goodwill from diehard $tsla longs like me,” the user tweeted, Teresa Goody, a former SEC attorney and CEO of The Goody Group, black compass cufflinks said Musk’s “contempt for the SEC is sending a message that he has no regard for the securities laws that are intended to protect investors and ensure a fair and efficient marketplace.”, In a separate tweet, Musk took another shot at shortsellers and accused BlackRock Inc (BLK.N) of enabling them by saying, “The big funds can & will (sic), as they’re suffering a net loss, Index managers like Blackrock pocket (sic) make excessive profit from short lending while pretending to charge low rates for ‘passive’ index tracking.”..

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