It’s finally official. Making It Official The US National Highway Traffic Safety Administration (NHTSA) has opened a formal investigation into Tesla’s Autopilot assisted driving software according to a posting on its website — an inflection point that could signal the introduction of self-driving regulations. Explosively, the investigation appears to center on a series of accidents… Continue reading US Gov Investigating Tesla Autopilot for Crashing Into Emergency Vehicles
Tag: Tesla
National Highway Traffic Safety Administration launches investigation into Tesla Autopilot over emergency responder crashes
U.S. auto safety regulators launched an investigation into Tesla’s partially self-driving car system after nearly a dozen reports of the company’s vehicles crashing into cars at the scenes of incidents involving emergency responders. The National Highway Traffic Safety Administration opened the probe Friday into Tesla’s Autopilot, which steers, brakes and accelerates the vehicle on most roads… Continue reading National Highway Traffic Safety Administration launches investigation into Tesla Autopilot over emergency responder crashes
‘Big Short’ investor Michael Burry ramps up his bet against Tesla — and reveals a new wager against Cathie Wood’s Ark Invest
Michael Burry. Jim Spellman/Getty Images Michael Burry raised his bet against Tesla and revealed a new wager against Cathie Wood’s Ark. The “Big Short” investor disclosed puts on about 1.1 million Tesla shares, up from 800,000. Burry’s Scion Asset Management also bought puts on 235,500 shares of Wood’s Ark Innovation ETF. See more stories on… Continue reading ‘Big Short’ investor Michael Burry ramps up his bet against Tesla — and reveals a new wager against Cathie Wood’s Ark Invest
Nio tumbles 7% on reports of a fatal accident involving one of its self-driving SUVs
STR/AFP via Getty Images Electric-vehicle maker Nio tumbled as much as 7% on Monday on news that its autopilot system was involved in a fatal crash in China. A Chinese businessman named Lin Wenqin reportedly died last week while driving a Nio SUV called the ES8 after activating the autopilot system. The ES8 is equipped… Continue reading Nio tumbles 7% on reports of a fatal accident involving one of its self-driving SUVs
The Mormon Church’s secretive $100 billion fund cashed out its GameStop profits — and trimmed its Tesla bet by 13%
A LDS church. Shutterstock The Mormon Church exited its GameStop position and cut its Tesla holdings last quarter. Ensign Peak Advisors disposed of its 46,000 GameStop shares, pocketing as much as $14 million. The church fund sold 13% of its Tesla shares, leaving a stake worth $382 million on June 30. See more stories on… Continue reading The Mormon Church’s secretive $100 billion fund cashed out its GameStop profits — and trimmed its Tesla bet by 13%
Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
The U.S. auto safety regulator said Monday that it had opened a broad investigation of the Autopilot system used in hundreds of thousands of Tesla’s electric cars. The investigation was prompted by at least 11 accidents in which Teslas using Autopilot, an assisted-driving system that can steer, accelerate and brake on its own, drove into… Continue reading Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
LG Energy Solution inks deal with Australian mining company for nickel and cobalt
South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry metric tons of cobalt from… Continue reading LG Energy Solution inks deal with Australian mining company for nickel and cobalt
Tesla Model Y to be cheaper police patrol car in just 6-18 months, says Boulder Sheriff
The Boulder County Sheriff’s Office announced that it acquired a Tesla Model Y to test as a police patrol vehicle. It justified that higher sticker price with gas savings resulting in a cheaper total cost of ownership in just 6 to 18 months. Like many other law enforcement agencies, the Boulder County Sheriff’s Office is… Continue reading Tesla Model Y to be cheaper police patrol car in just 6-18 months, says Boulder Sheriff
Tesla again bans salvaged cars from Supercharger network in confusing situation
Tesla has again banned salvaged cars from accessing its Supercharger network after reversing the move last week. It’s a confusing situation. Wouldn’t it be useful if we could ask Tesla what is going on? Last year, Tesla blocked access to Supercharging and third-party fast-charging to all salvaged vehicles. It was a big blow to people… Continue reading Tesla again bans salvaged cars from Supercharger network in confusing situation
US probing Autopilot problems on 765,000 Tesla vehicles
Detroit — The U.S. government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the U.S. since the start of the 2014 model year. Of the crashes identified by the National… Continue reading US probing Autopilot problems on 765,000 Tesla vehicles