Tesla Shares Drop as EU Delays Driver-Assistance Approval Vote Despite German Backing

Tesla shares fell about 0.97% on Wednesday after the European Union postponed an approval vote for its driver-assistance software to December, halting a three-day winning streak. The delay by the EU Technical Committee on Motor Vehicles followed resistance from France and Sweden over safety protocols. The setback came despite Germany, the Netherlands, and Belgium endorsing prompt approval after talks on liability and technical frameworks. To secure clearance, Tesla offered to rebrand Full Self-Driving as 'Tesla Assisted Driving' in Europe and cap speeds at 10% above posted limits.