Equities Manufacturing

Tesla shares news: Model S crashes in California “while in auto pilot mode”

Share this article!

Tesla shares closed higher in the US Tuesday, however, news has emerged a Model S vehicle has crashed into a stationary police car. The driver of the Tesla said autopilot was engaged at the time of the accident. If that detail is confirmed it will be the third crash when a Tesla was in autopilot, in 2018 to-date.

Tesla shares ended the US Tuesday trading session 1.76% in the green at $283.76. However, the stock is trading lower in out-of-hours activity.

Tesla crash

Reports state the accident happened in Laguna beach, California. The police officer whose car was hit by the Model S Tesla wasn’t in the vehicle at the time.

The driver of the Tesla who said the accident occurred while the car was in autopilot, suffered minor injuries. Both cars were damaged.

“Tesla Autopilot is an increasingly capable suite of safety and convenience features that make personal transportation safer and more enjoyable…. Data shows that, when used properly, drivers supported by Autopilot are safer than those operating without assistance,” Tesla says of it autopilot function.

However, a number of accidents involving Tesla vehicles when they were reportedly in autopilot mode are being investigated across the US. And, Tesla reiterated in a statement that autopilot isn’t a perfect system and that stationary cars aren’t always detected when it’s in use.

“When using autopilot, drivers are continuously reminded of their responsibility to keep their hands on the wheel and maintain control of the vehicle at all times,” said a Tesla spokeswoman. “Tesla has always been clear that autopilot doesn’t make the car impervious to all accidents.”

Tesla delays international Model 3 roll out

Separately, Tesla’s CEO Elon Musk has shared the news that the European and Asian roll out of the Model 3 won’t begin until 2019. It was previously anticipated to begin in the second half of 2018.

“Model 3 was designed for min engineering & tooling change for RHD. Note left/right symmetry. LHD for Europe & Asia first half of next year. RHD probably middle of next year,” Musk tweeted in response to a user question over the development of Model 3 right hand drive.

Add Comment

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.