ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

US safety regulator launches probe into fatal Tesla crash

The National Highway Traffic Safety Administration is opening an investigation into a deadly crash involving a 2018 Tesla Model 3 in California.

The National Highway Traffic Safety Administration (NHTSA) said Tuesday it is opening an investigation into a fatal crash involving a 2018 Tesla Model 3 in California.

The July 5 crash in South Lake Tahoe killed the driver of a Subaru Impreza after a head-on collision with the Tesla Model 3. The NHTSA suspects the advanced driver assistance system was in use during the accident.

This is the first new special crash investigation involving Tesla and the suspected use of driver assistance systems since two were opened in March, including one into the February fatal crash involving a 2014 Tesla Model S and a fire truck in Contra Costa County, California. 

The fire department said a Tesla struck one of its trucks and that the Tesla driver was pronounced dead at the scene.

WARREN ASKS SEC TO INVESTIGATE TESLA OVER MUSK’S TWITTER TAKEOVER

Also in March, the safety administration began looking into complaints that steering wheels for Tesla’s Model Y vehicles would fall off, while opening another investigation into reports that the front seat belts in some Tesla Model X SUVs were not properly secured.

SAFETY ADMINISTRATION WANTS ANSWERS FROM TESLA ON AUTOPILOT PROBE

Since 2016, the NHTSA has opened more than three dozen Tesla special crash investigations in cases where advanced driver assistance systems such as Autopilot were suspected of being used, with 20 crash deaths reported.

TESLA DRIVER KILLED AFTER BARRELING INTO LADDER TRUCK BLOCKING ACCIDENT SCENE ON CALIFORNIA FREEWAY

The NHTSA sent a letter July 3, demanding answers by July 19, on questions involving the design, engineering, analysis, modification, production, testing, assessment and evaluation of Tesla’s advanced driver assistance system.

The letter contained requests asking Tesla to list how many subject vehicles were manufactured for sale, lease or operation in the U.S. by model and year. It also asked the company to furnish cumulative and separate mileage totals by vehicle model, and by model year versus calendar year and quarter, and to update its September 2022 response to the NHTSA’s August 2022 information request on how Autopilot works. 

MERCEDES-BENZ TO ADOPT TESLA CHARGING STANDARD FOR EVS, ACCESS SUPERCHARGER NETWORK

The investigation covers 830,000 Tesla vehicles and follows a dozen crashes in which Tesla vehicles hit stopped emergency vehicles.

Tesla, which is slated to report quarterly results Wednesday afternoon, did not respond to FOX Business' request for comment.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Reuters contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.