Tesla Stock Nosedives After NTSB Drops Model 3 Autopilot Bombshell
Tesla stock nosedived on Friday after a bombshell NTSB report revealed that a fatal Tesla Model 3 crash occurred while the vehicle’s self-driving Autopilot system was engaged. | Source: REUTERS / Tyrone Siu
By CCN: Elon Musk, the CEO of embattled electric vehicle giant Tesla, believes that self-driving cars will propel the company to obscene heights. But the National Transportation Safety Board’s (NTSB) latest investigation into a Tesla Model 3 crash suggests that Musk is far from realizing his dreams, and that report is taking a toll on Tesla stock.
NTSB Bombshell Raises Questions About Tesla Autopilot
The NTSB’s investigation found that Tesla’s Autopilot system was engaged for 10 seconds before a Model 3 fatally crashed into a semitrailer on March 1.
“The driver engaged the Autopilot about 10 seconds before the collision. From less than 8 seconds before the crash to the time of impact, the vehicle did not detect the driver’s hands on the steering wheel. Preliminary vehicle data show that the Tesla was traveling about 68 mph when it struck the semitrailer. Neither the preliminary data nor the videos indicate that the driver or the ADAS executed evasive maneuvers.”
$TESLA $TSLA so essentially all these crashes due to the #autopilot makes the humans the ultimate “crash test dummies” for Tesla to study from huh 🤔😖📉🚘… $XTN $SPY #Tragic
Tesla on autopilot crashed when driver’s hands were not on the wheel – CNN https://t.co/uUrr3jQkkh
— Afurakan Emporium (@AfrakanEmporium) May 17, 2019
This is not the first instance where Tesla’s acclaimed self-driving system has been involved in a fatal crash.