Business
business
Rani Molla

There could be Waymo cars in New York City as company applies for testing permit

Google’s Waymo has applied for permits to test its self-driving cars in New York City — what the city’s Department of Transportation calls “some of the most challenging urban street environments for an AV.” Waymo plans to have a human driver operate the vehicle at first while it collects data.

The company has been offering paid autonomous ride-hailing in San Francisco, Austin, Los Angeles, and Phoenix, with plans to launch in Atlanta, Miami, and DC. Tesla is set to launch its own robotaxi service in Austin next week.

“Bottom line, using a combination of reconstruction and generation, Waymo is now able to create high fidelity simulations leading to a substantially more scalable and efficient approach to validation, helping alleviate one of the major bottlenecks in self driving development,” Morgan Stanley analyst Brian Nowak wrote. “During this process, Waymo must test its model against the long tail of edge cases to produce statistically significant evidence that its model has improved.”

Under current law in New York, a person needs to be behind the wheel to operate a vehicle, but Waymo is hoping to “enact regulatory changes that would allow us to bring our service to the city and state in the future.”

Uber and Lyft are trading down on the news, but for some reason Tesla is up.

The company has been offering paid autonomous ride-hailing in San Francisco, Austin, Los Angeles, and Phoenix, with plans to launch in Atlanta, Miami, and DC. Tesla is set to launch its own robotaxi service in Austin next week.

“Bottom line, using a combination of reconstruction and generation, Waymo is now able to create high fidelity simulations leading to a substantially more scalable and efficient approach to validation, helping alleviate one of the major bottlenecks in self driving development,” Morgan Stanley analyst Brian Nowak wrote. “During this process, Waymo must test its model against the long tail of edge cases to produce statistically significant evidence that its model has improved.”

Under current law in New York, a person needs to be behind the wheel to operate a vehicle, but Waymo is hoping to “enact regulatory changes that would allow us to bring our service to the city and state in the future.”

Uber and Lyft are trading down on the news, but for some reason Tesla is up.

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The Trump administration is reportedly planning a 50% made-in-America requirement for USMCA tariff relief

Qualifying for USMCA-related lower tariffs may soon require more US-made vehicle components, according to reporting by The Wall Street Journal.

The Trump administration is reportedly planning to introduce a 50% US content requirement for vehicles covered by the trade pact to receive lower tariffs. The content would be measured by cost, according to the WSJ.

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

business
Tom Jones

The $640,000 Luce makes the average Ferrari look like a bargain

Put aside the shape; put aside the smoothing out of Ferrari’s iconic sharp edges; put aside, even, the calls from former Chairman and President Luca Cordero di Montezemolo to “take the Prancing Horse off.” On the grounds of price alone, Luce detractors might have a point.

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart
Sherwood News

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart
Sherwood News

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