🏄 Grow your portfolio even on vacation with InvestingPro | Summer Sale 50% OFFCLAIM SALE

Tesla seeks to keep Texas robotaxi data under wraps, regulator says

Published 2025-06-23, 12:11 p/m
Updated 2025-06-23, 01:16 p/m
© Reuters. A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. REUTERS/Joel Angel Juarez

© Reuters. A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. REUTERS/Joel Angel Juarez

By David Shepardson

WASHINGTON (Reuters) -Tesla told U.S. regulators that its answers to questions on the safety of its robotaxi deployment in Texas are confidential business information and should not be made public, according to a letter released on Monday.

On Friday, the National Highway Traffic Safety Administration said it was reviewing answers given in response to the agency’s questions about the safety of its self-driving robotaxi in poor weather among numerous issues.

The agency said on Monday that Tesla (NASDAQ:TSLA) was invoking a federal law that "restricts NHTSA’s ability to publicly release what the companies label as confidential." The agency added that "following an assessment of these responses and other relevant information, NHTSA will take any necessary actions to protect road safety."

NHTSA has been investigating since October collisions of Tesla vehicles using Full Self-Driving software under conditions of reduced visibility. The probe covers 2.4 million Tesla vehicles equipped with FSD technology after four reported collisions, including a 2023 fatal crash.

NHTSA noted on Monday that "the agency’s investigation into Tesla’s FSD-Supervised/Beta remains open."

Tesla said the information it submitted to NHTSA is commercially valuable because competitors could use it to improve their own advanced driver assistance and automated driving systems.

"Nefarious actors could also use the marked information to smear Tesla’s brand for the sake of notoriety," Tesla regulatory senior counsel Casey Blaine wrote in the letter to the NHTSA. "Absent public disclosure, access to the marked information and all of the knowledge gained from it would require significant expenditure of time and resources and very intimate knowledge about Tesla."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

On Sunday, Tesla deployed a small group of self-driving taxis picking up paying passengers in Austin, Texas, with CEO Elon Musk announcing what he called the robotaxi launch and social-media influencers posting videos of their first rides.

© Reuters. A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. REUTERS/Joel Angel Juarez

The event marked the first time Tesla cars without human drivers have carried paying riders, a business that Musk sees as crucial to the EV maker’s financial future.

Tesla shares were up 8% at $347.80 on Monday afternoon.

Is TSLA truely undervalued?

With TSLA making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed TSLA alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? TSLA wasn't at the top of the list.

Unlock ProPicks AI

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.