http://static6.businessinsider.com/image/56c339456e97c627008b753b-1190-625/teslas-autopilot-system-is-partially-to-blame-for-a-fatal-crash-federal-investigators-say.jpg

What Does the Federal Investigation Into Fatal Tesla Crash Mean for the Company?

September 13, 2017
147 Shares 2,412 Views

As one of the years best performing stocks, Tesla (TSLA) had everything going for them; a state of the art battery and car factory, a brand new model, the Model X, and tens of thousands of orders for the Model 3. That may have all changed when “the National Transportation Safety Board said Tuesday that aspects of Tesla’s Autopilot played a role in a fatal crash involving Joshua Brown, 40, in May 2016.”

The report from Business Insider says that the investigators concluded that “Tesla allowed the driver to use the system outside the environment for which it was designed, and the system gave far too much leeway to the driver to divert his attention to something other than driving.”

“The result was a collision that, frankly, should have never happened,” stated Robert Sumwalt, chairman of the NTSB.

While Tesla won’t likely face any serious repercussions from the NTSB, but the news comes at a bad time. Tesla has already had many customers withdraw their pre-orders after more delays  were announced. Any bad news won’t help them improve their position with customers or investors.

Read more at businessinsider.com.

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
573 views
Economy
573 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
508 views
Economy
508 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
581 views
Economy
581 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…