NDSP says Texas autopilot system not operating during a dangerous Texas crash

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Tesla’s automated pilot system crashed into a Model S sedan tree last month in Texas, killing two Preliminary findings From the National Transportation Safety Board.

The driver assist function, as provided by several automakers, was initially involved in the crash, with local officials saying no one was in the driver’s seat.

But shortly after leaving the car owner’s home, security camera footage showed one person in the driver’s seat and one person in the front passenger seat. The company provided test results that showed

Tesla

(Ticker: DSLA) Automated pilot system not in use.

Autopilot said in a statement that traffic awareness would only work if the two systems, Cruise Control and Autostear, were involved simultaneously. Investigators drove a model S on the side of the road where the accident took place, finding that traffic awareness could engage in cruise control, but not the autostear. After the crash, Tesla CEO Elon Musk
Tweeted about Inability to engage autosteer on that road.

The automated pilot is known as Fully Self-Driving, or FSD, from Tesla’s Advanced Autonomous Driving System, one of the toughest technical challenges Musk has ever encountered. The electric vehicle pioneer is testing upgraded versions of its FSD software Musk The company claims to be close to achieving full autonomous driving capability.

NDSP’s findings are positive for Tesla; Shares have fallen 13% since the April 17 crash. Average decline in EV stocks Barons Tracks were down 11% over the same period. The

S&P500,

In comparison, flat. The

Dow Jones Industrial Average

Received about 2%.

However, the stock did not really respond to the findings. Tesla shares closed 6.4%. and more EV stocks were weak As well as. Reasons: The Global semiconductor shortage, Further EV competition And this Rotation In the name of the cycle from high growth stocks as the economic recovery increases.

Write to Al Root at [email protected]