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.
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