Tesla Finds Itself Faced With Another Autopilot Crash
Tesla now faces even more problems with its AI ambitions after it was reported that one of its Model S vehicles had crashed into a police car while in Autopilot mode.
Tesla Inc. (NASDAQ: TSLA) now faces even more problems with its artificial intelligence ambitions after it was reported that one of its Model S vehicles had crashed into a police car while in Autopilot mode, according to the driver. This collision occurred on Tuesday afternoon in Laguna Beach, California.
There were no passengers in the California police vehicle at the moment of the collision, and the driver of the Tesla only sustained minor injuries.
According to Tesla, it was inconclusive at the moment as to whether the Autopilot mode was engaged at the time of the incident. The company released a statement regarding the collision: “Tesla has always been clear that Autopilot doesn’t make the car impervious to all accidents.”
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This is not the first Autopilot headache that Tesla has suffered — even just in the past month. Earlier in May, a Model S crashed into a fire truck stopped at a red light in South Jordan, Utah.
Currently, the National Transportation Safety Board (NTSB) is actively investigating four traffic incidents involving Tesla vehicles, including the Utah collision.
Shares of Tesla were last seen trading at $283.42, with a consensus analyst price target of $309.09 and a 52-week range of $244.59 to $389.61.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
