![]() The company also just recalled 363,000 EVs due to concerns regarding its FSD technology. The most recent California crash isn’t the only bad news for Tesla. The agency said it told Tesla late last month about potential concerns it had related to characteristics of the system specific to certain roadway environments.” What’s Next? “The NHTSA has been studying Tesla’s advanced driver-assistance system for more than a year after multiple crashes at emergency scenes. The National Highway Traffic Safety Administration (NHTSA) is currently looking into the most recent crash, although no one from the agency has commented on the accident. When these types of crashes hit the news, it’s hard not to become concerned about Tesla’s future. Further, in January 2023, The Intercept reported on footage of a Tesla causing an eight-vehicle crash on the San Francisco Bay Bridge when its driver used the FSD feature. In 2022, a Tesla killed two people when it crashed into a parked tractor trailer. Multiple crashes involving its autonomous driving ( AD) tech have prompted investigations over the years. Tesla has been working hard to win the driverless race, but its full self-driving ( FSD) technology has generated plenty of controversy. Investors shouldn’t disregard the recent crash, however. Part of today’s decline can be attributed to general negative market momentum. ![]() ![]() Fellow electric vehicle (EV) makers Rivian (NASDAQ: RIVN) and Lucid (NASDAQ: LCID) are performing worse than TSLA stock as well, down 5% and 9% respectively. The Nasdaq Composite is also falling today, down about 2%. Of course, the crash isn’t necessarily directly correlated with Tesla or with the performance of shares. As of this writing, TSLA stock is down more than 3% and shows no signs of rebounding. ![]()
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