crash

Sterling Anderson, Tesla’s Director of Autopilot Programs, made a rare comment on the recent and evolving situation around his project at the automaker. He said that it’s been “a dark couple of months” for his team after the death of Joshua Brown, the Model S owner involved in an accident in Florida while driving on Autopilot, and the subsequent media coverage of the tragic event. Expand
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Ever since the very publicized fatal Florida accident in a Model S while the Autopilot was activated, Tesla’s semi-autonomous driver assist system has been getting its reputation tarnished in the media. Autopilot took blame for a few subsequent incidents, despite nothing currently pointing to the system being the cause of any of the accidents – though NHTSA is now probing the Autopilot over two of them.

Now we learn of yet another crash where the Autopilot was reportedly at play. A Tesla Model X crashed in Montana Saturday night resulting in the SUV driving through a guardrail and going off the road. The driver blames the Autopilot but Tesla has yet to chime in… Expand
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Yesterday, we reported on a strange article in which Fortune Magazine tried to make the case that Tesla should have disclosed the fatal Model S accident on Autopilot before raising capital through a secondary offering a few weeks after the fact. The publication claims that the accident was material to Tesla’s stock and therefore, it should have been announced when the company learned of the event and not when NHTSA decided it would launch a preliminary evaluation on June 30.

Elon Musk argued against it being material to Tesla’s valuation in an email to Fortune, but now the publication is somehow trying to use a boilerplate statement from Tesla to prove that Musk and the company previously considered the accident a material event, which is not necessarily the case. Expand
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