Tesla is slipping after reports of a Model S crashing under autopilot
REUTERS/Noah Berger
- A Tesla Model S crashed into the back of a fire truck in California while the autopilot technology was engaged.
- The National Transportation Safety Board is currently gathering information on the incident.
- Watch Tesla's stock price move in real time here.
Tesla shares are down 2.01% to $346.34 on Wednesday after reports that a Model S crashed into the rear of a fire truck while being controlled with the car's autopilot technology.
The US National Transportation Safety Board is currently gathering information about the accident, according to a Bloomberg report.
The accident occurred near Los Angeles, where the driver of the Model S said autopilot was engaged when the car struck a fire truck at around 65 miles per hour. There were no reported injuries in the crash.
The NTSB investigated a Florida crash last year, where a Model S ran under a semi-truck, which killed the driver. The safety board found that autopilot was partially to blame for the crash, but that crash rates for Tesla vehicles dropped 40% since autopilot was turned on.
Read about Elon Musk's new $70 billion compensation package here.
- Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts
- Top temples to visit in India you must visit atleast once in a lifetime
- Top 10 adventure sports across India: Where to experience them in 2024
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market