Elon Musk Denies Autopilot Use In Fatal Tesla Crash

Elon Musk Denies Autopilot Use In Fatal Tesla Crash
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On Monday, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk made a remark about his company’s automated driving systems’ involvement in a fatal crash in Spring, Texas. Tesla Model S crashed this weekend, the accident killing two victims. The authorities alleged victims were riding in the passenger seats with no one behind the wheel.

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NTSB And NHTSA Are Investigating Fatal Tesla Crash

Two separate federal agencies declared that they were sending special investigation teams to the Houston-area crash site. The National Transportation Safety Board and the National Highway Traffic Safety Administration are investigating the crash currently.

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According to Elon Musk, thus far, data recovered from the car don’t show that Tesla’s Autopilot driver-assist software was enabled. Besides, the residential road where the accident occurred wouldn’t allow for it to be activated in the first place. After Musk tweeted that information, local authorities announced that they’re issuing a search warrant to get a look at that data.

Before that, Local police repeatedly said that preliminary investigation showed that nobody was behind the 2019 Tesla Model S wheel when it veered off the road, hit a tree, and burst into flames.

Musk tweeted that recovered data logs showed Autopilot was not enabled. The car also did not purchase FSD. Furthermore, standard Autopilot would require lane lines to turn on, which the street in question did not have.

Is Tesla's Autopilot System Dangerous?

The company sells its automated driving systems under Tesla’s brand monikers, Full Self-Driving (FSD), and Autopilot. Moreover, it released a beta version of FSD software. Customers, who already have the premium FSD option, can purchase it for $10,000.

However, the company’s FSD and Autopilot cannot control electric vehicles in all normal driving circumstances. So, Tesla’s owner’s manuals warn drivers only to use them with active supervision.

The government’s fast reaction to this crush is telling. It may be preparing real regulatory action over semi-automated driving systems such as Autopilot. Tesla is under supervision as well. The NHTSA has more than 20 active investigations into Tesla crashes currently, with four of them opening in the past two months.

The post Elon Musk denies Autopilot use in fatal Tesla crash appeared first on FinanceBrokerage.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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