Skip to main content

Market Overview

Tesla Driver In 8-Vehicle Pileup On Bay Bridge Says Full Self-Driving Malfunctioned

Share:
Tesla Driver In 8-Vehicle Pileup On Bay Bridge Says Full Self-Driving Malfunctioned

A glitch in Tesla Inc’s (NASDAQ: TSLA) Full-Self Driving (FSD) caused an eight-vehicle crash on San Francisco's Bay Bridge, according to the driver involved.

What Happened: The driver of the 2021 Tesla Model S told police that FSD malfunctioned but the accuracy of his statements was yet to be determined, reported Reuters.

The police report said if the software malfunctioned, the driver should have manually taken over the vehicle, according to the report.

See Also: How To Buy Tesla (TSLA) Shares 

Why It Matters: The Thanksgiving day crash on Interstate 80, which took place near Treasure Island, resulted in two juveniles needing to be hospitalized for minor injuries and caused lengthy delays on the bridge, reported Reuters.

The police report noted that the Tesla vehicle made an unsafe lane change and was slowing to a stop which led to another vehicle ramming it resulting in a cascade of crashes, according to Reuters.

The National Highway Traffic Safety Administration (NHTSA) is investigating Tesla’s advanced driver assistance system. 

Meanwhile, the  National Transportation Safety Board (NTSB) has questioned the Elon Musk-led company’s use of the term Full-Self Driving and called it “irresponsible.” 

Price Action: On Wednesday, Tesla shares closed 0.55% higher at $138.33 in the regular session and fell 0.2% in the after-hours trading, according to Benzinga Pro data.

Read Next: Tesla's Market Share 'Decimated,' Backlog Has 'Collapsed To Nothing' — Why Institutional Investors Are 'Very Concerned'

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: electric vehicles Elon Musk Full Self-DrivingNews Tech Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com