The National Highway Traffic Safety Administration is reportedly looking into Tesla’s new “Mad Max” driver-assistance mode over concerns that it allows vehicles to operate at higher speeds above posted speed limits, reports Reuters as billionaire Elon Musk’s car company continues to draw scrutiny.

In fact, “Mad Max” mode is not entirely new—Tesla beta-tested the same feature in Autopilot in 2018, before deciding not to roll it out in a production release after widespread outcry.

Tesla chief Elon Musk said in a call with investors on Wednesday that his team is “on the cusp of something really tremendous” with Optimus, the humanoid robot that it’s been working on since 2021.

Tesla stock has dropped more than 30% within a period of under 2 months 8 times across different years, erasing billions in market value in a single correction.

The National Highway Traffic Safety Administration said on Friday it is seeking information from Tesla about a new driver assistance mode dubbed "Mad Max" that operates at higher speeds than other versions.

Tesla posted record quarterly revenue but its profit came in below Wall Street's expectations. The stock fell 4% after hours during the analyst call.

The EV maker’s shares rallied on Thursday after the company reported weaker-than-expected third-quarter earnings. Thi

Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.