Tesla shares plunge amid news of security check on its autopilot

Tesla’s share price fell nearly 5% on Monday after the US regulator announced an investigation into the autopilot in its electric vehicles, the Business Insider news agency reported. At the opening of trading on Monday, August 16, the automaker’s securities fell 4.31%, then the fall accelerated to 4.96% – to $ 681.70 per share at the time of this writing.

Earlier on Monday, the US National Highway Traffic Safety Administration (NHTSA) announced that it has begun an official safety audit of the Tesla autopilot system on about 765,000 Tesla Model Y, X, S, and 3 electric vehicles produced between 2014 and 2021.

According to NHTSA, since January 2018, the Office of Defect Investigation (ODI) has identified 11 accidents in which Tesla vehicles of various configurations entered emergency and roadside services and subsequently collided with one or more vehicles involved in those works.

“Most of these incidents occurred in the dark, in areas where work-indicating aids were installed, such as specialized vehicle parking lights, signal lights, flares, temporary traffic signs and traffic cones,” the NHTSA website says.

During the investigation of the incidents, it was found that Tesla cars before the accident were moving with the autopilot or cruise control function turned on. Since June 2016, NHTSA has investigated 31 accidents involving vehicles equipped with a partially automated control system, according to the Associated Press. Tesla vehicles with autopilot function were involved in 25 of these accidents, the agency said. In 10 cases, the accidents were fatal.

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Alexandr Ivanov earned his Licentiate Engineer in Systems and Computer Engineering from the Free International University of Moldova. Since 2013, Alexandr has been working as a freelance web programmer.
Function: Web Developer and Editor
Alexandr Ivanov

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