Tesla Rises 4% as Finland Clears Its Driver-Assistance System Ahead of EU Vote; Lucid Slides 2% After Citi Cut, Rivian Dips David Moadel Wed, November 11, 2026 at 12:48 PM EST 5 min read TSLA +3.36% RIVN -0.62% LCID -2.79% AMZN -1.85% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Tesla gains 3% after Finland clears its driver-assistance system, while Lucid slips 2% as Citi cuts its price target for the third time.
Elon Musk expects EU-wide approval by Q1, but a pending Technical Committee vote could leave Tesla on a slower country-by-country path.
Rivian's third-quarter revenue jumped 38% to $2 billion, yet its shares dip with the broader EV group amid Fed rate-hike worries.
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Another European country cleared Tesla (NASDAQ:TSLA) to offer its driver-assistance software, and electric vehicle (EV) stocks split along that line. Tesla stock is at $393.59, up 4% in afternoon trading. Finland's transport agency, Traficom, cleared the system for Finnish roads ahead of an EU-wide ruling expected in the winter months, according to Reuters.
Lucid Group (NASDAQ:LCID) is moving the other way after Citi trimmed its price target again. Shares of Rivian Automotive (NASDAQ:RIVN) are trading slightly lower with the broader EV group.
Traficom recognized the provisional type-approval that Dutch regulators issued on November 10, so Tesla can offer its Full Self-Driving (FSD) system in Finland immediately. EU-wide approval still requires a successful vote in the European Commission's Technical Committee on Motor Vehicles, and Traficom said approval takes effect about three weeks after such a vote. Finland's recognition doesn't bind the country's own vote on that committee.
To win the clearance, Tesla dropped "self-driving" references from the system's name in Finnish and Swedish materials. Speed settings now reset to the limit each time the car restarts, according to the agency. Senior specialist Jukka Juhola of Traficom put responsibility directly on the motorist: "It is always the driver who receives the fine for speeding."
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Tesla CEO Elon Musk highlighted the European push on the company's October 21 earnings call. "We're now approved in many countries in Europe, and we're hoping for EU-wide approval," Musk said, adding that he "would be surprised if it takes longer than Q1." Active FSD subscriptions at Tesla reached 1.74 million in Q3 2026, against 1.04 million a year earlier. Each new country moves Tesla closer to a broader European launch, with the final EU decision still pending.
Lucid stock is at $3.70, down 2%. Citi analyst Michael Ward cut his price target to $9 from $11, the firm's third reduction, while keeping a Buy rating and pointing to improved cash burn. The cut follows Lucid Group's November 9 report, which showed 3,806 deliveries in Q3, a 7% decline year over year (YoY), as the U.S. EV market shrank after federal EV tax credits ended.
Saudi Arabia's Public Investment Fund added $1.75 billion to its loan, which Lucid Group says funds operations into Q4 2027. The company's lower-priced Midsize platform has slipped to production in the second half of 2027.
Rivian stock is at $13.59, down 0.8%. The EV maker is trading with the group after its October 29 report, when Rivian's Q3 revenue rose 38.3% YoY to $2.15 billion and its R2 became the best-selling model in its lineup. Risk appetite also cooled after Austan Goolsbee of the Chicago Fed called the latest inflation report "borderline disturbing" while the Fed weighs more rate hikes.
Tesla sells vehicles at far greater scale than either peer and pairs them with grid-scale batteries, a global Supercharger network and a software business built on FSD subscriptions. That software layer is why European approvals matter for Tesla stock, since management ties FSD availability directly to vehicle demand.
Lucid builds low-volume luxury sedans and SUVs, leaning on its Saudi anchor shareholder for funding while it cuts costs and prepares a robotaxi program. Rivian sits in between, selling trucks and SUVs to consumers and delivery vans to Amazon (NASDAQ:AMZN), along with a software joint venture with Volkswagen that already brings in meaningful revenue.
Tesla now faces a key question: whether the Technical Committee on Motor Vehicles backs EU-wide approval in the winter months. A successful vote could open the rest of the bloc to FSD subscriptions, while a delay could keep the company on a slower, country-by-country path.
Optimists can highlight the growing list of approving countries and a backlog Tesla calls its largest in four years. Meanwhile, Tesla's Q3 GAAP operating income fell to $718 million from $1.62 billion a year earlier as research and development spending climbed to $2.76 billion. For the peers, the next dated marker is Rivian's Autonomy and AI Day on December 9. Investors may want to track the EU committee vote on Tesla's FSD closely as it settles.
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