Walter Huang was killed when his Model X SUV crashed on March 23 into a concrete lane divider on Highway 101 in Mountain View, California. The company said the "only" explanation for the crash was "if Mr. Huang was not paying attention to the road, despite the auto providing multiple warnings to do so". Where do I start?
Jefferies Group upgraded shares of Tesla (NASDAQ:TSLA) from an underperform rating to a hold rating in a research note published on Monday, April 2nd, MarketBeat Ratings reports.
Along with Tesla, Cadillac, Nissan, Mercedes-Benz, Audi, and others already, or soon will offer this sort of semi-autonomous system, requiring the human behind the wheel remain attentive. The U.S. agency is in the midst of two active investigations into Autopilot-related crashes.
Minami Tamaki said its preliminary review suggested the autopilot feature was defective. "If they're not effective in getting someone to re-engage - as they say that their drivers have to - then they're not doing their job".
Tesla also alleges its "clear in our conversations" with the NTSB that it cares less about safety and more about press headlines. Parties must agree to not release certain investigative information, however, before the NTSB concludes the inquiry.
The coverage from Reuters continues: "Tesla later said the vehicle had activated Autopilot, raising new questions about the semi-autonomous system that handles some driving tasks". The family's lawyer believes Tesla is blaming Huang to distract from the family's concern about the car's Autopilot. Some users of course abuse the system and use it in such a way as to endanger themselves and other drivers.
DOJ Report: Andrew McCabe Lacked Candor Several Times, Even Under Oath
Attorney General Jeff Sessions fired McCabe on March 16 - two days short of his retirement and receiving a full pension. McCabe also did not recall details of that conversation, the Federal Bureau of Investigation deputy director said .
At issue is the NTSB's investigation into the fatal crash of a Tesla that was in Autopilot mode.
Tesla's statements have highlighted the need for drivers to keep their hands on the wheel and pay attention to the road at all times while Autopilot is engaged. "If you are driving a Tesla equipped with Autopilot hardware, you are 3.7 times less likely to be involved in a fatal accident and this continues to improve".
"Tesla short sellers, after reducing their short exposure for the first two months of 2018, have reversed course and shorted Tesla stock heavily over the last five weeks." .
San Franciso-based law firm points to Autopilot as cause of death. The agency closed its probe in January 2017. NTSB said it found no defect in the Autopilot system and that Tesla had updated the system since that crash.
"Since most cars are only in use by their owner for 5% to 10% of the day, the fundamental economic utility of a true self-driving auto is likely to be several times that of a vehicle which is not", said Musk. "The reason that other families are not on TV is because their loved ones are still alive".