Tesla shares were in negative territory (-4.72% to $684.26) on the New York Stock Exchange on Monday after the US Automotive Safety Regulatory Authority launched a new investigation into the company’s autopilot system, as a result of a series of accidents in recent months.
The U.S. National Highway Traffic Safety Administration (NHTSA) said it will conduct an initial evaluation of 765,000 Tesla Model Y, X, S and 3 models from 2014 to 2021, according to documents posted on the website.
NHTSA has identified eleven accidents since January 2018 where Tesla Models collided with one or more vehicles. According to NHTSA, “The majority of accidents occurred after dark, and the accident scenes found included control measures such as first-response car lights, flares, illuminated arrow plates, and road cones.”
The entity states that all vehicles involved in the accidents “used an autopilot system or… Cruise ControlWith the recognition of traffic as you approach.
Since June 2016, NHTSA has sent investigation teams into 31 accidents that involved partially automated driver assistance systems, according to a report.
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