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Accident Makes Autopilot Feature Highlighted, Tesla Shares Down 3.4%

Anelis May by Anelis May
4 years ago
in Business News
elon musk

picture source: IG account @elonmusk

Cars The Tesla S series reportedly crashed in Houston Spring, Texas. The police said the accident killed two passengers. This accident caused Tesla shares down 3,4%.

Quoted from CNN, Tuesday (20/4/2021), Harris County Police Chief Mark Herman revealed from the results of the investigation that no one was in the driver’s seat when the accident occurred.

Tesla CEO Elon Musk responded to this immediately, who tweeted if the autopilot feature in the car was not used.

Elon said that no data log was found regarding the use of this feature. He also did not provide details regarding the accident.

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Tesla’s shares Fell 3.4%

Reported by Reuters, this accident also affected Tesla Inc’s shares which fell 3.4%. Features The Tesla Autopilot is designed to help drivers stay in the traffic lane and even slow down or stop the car when there is an object in front of it.

From the Tesla website, it is stated that this autopilot feature requires active driver supervision and does not allow the vehicle to drive freely.

Even Elon Musk said that the autopilot feature is safer than the driver. “Tesla with Autopilot has a lower accident rate than normal vehicles,” added Musk.

He said that based on data from motorists, this autopilot only occurred once for every 4.19 million miles in the first quarter of this year. He compared it with the national highway traffic safety administration data that accidents every 484,000 miles for human-driven cars.

 

Read now: Elon Musk: Tesla will be Bigger than Apple, Agree?

Tags: accidentElon MuskTesla
Anelis May

Anelis May

I love all types of content. Financial news is my specialty though. Full time writer about Financial news, economics, market trends, politics enthusiast and more.

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