Tesla down after Nvidia unveils open-source AI models for self-driving vehicles

Lyft

06/01/2026 19:23

Updates

** Shares of Tesla TSLA.O down 4.2% at $432.7

** Nvidia NVDA.O CEO Jensen Huang on Monday announced the Alpamayo family of open-source AI models and tools designed to accelerate autonomous vehicle development

** Tesla expects to expand its robotaxi service rollout this year and start deliveries of its Cybercab self-driving vehicle

** The 2025 Mercedes-Benz CLA will be the first production vehicle to ship with Nvidia's full AV stack, with deliveries starting in Q1 in the U.S. - Nvidia

** Company said its DRIVE AV platform is now "in production" and positioned its tools as a "starter kit" for Level 4 autonomy

** "This is maybe a competitive pressure on Tesla in 5 or 6 years, but probably longer," Musk says

** Shares of ride-hailing platforms Uber UBER.N and Lyft LYFT.O up 5.4% and 4.4%, respectively

** Tesla's sales volume in Germany nearly halved in December from the same month last year, as per the German road traffic agency KBA. TSLA's UK car registrations also dropped by more than 29% year-on-year in December, industry data shows

** TSLA shares up 11.4% in 2025

 (Reporting by Akash Sriram and Harshita Mary Varghese in Bengaluru)

 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))