Tesla booted from safety investigation into fatal Autopilot crash

Katie Ramirez
April 13, 2018

In a statement, the NTSB said it took this action because Tesla "violated the party agreement by releasing investigative information before it was vetted and confirmed by the NTSB". They expect $-4.45 earnings per share, down 125.89 % or $2.48 from last year's $-1.97 per share.

John W. Moon's holdings in Tesla Inc (Put) (TSLA) is decreased by 41.39% based on its latest 2017Q4 regulatory filing with the SEC.

The NTSB had expressed disappointment that Tesla was continuing to release details of the crash to the public.

Walter Huang was killed when his Model X SUV crashed on March 23 into a concrete lane divider on Highway 101 in Mountain View, California. It's also refused to comment on how many alerts can be ignored before the system disengages, what version of Autopilot software was in Huang's Model X, or when the vehicle was built.

Tesla is pinning the fatal crash of one of its autopilot-equipped vehicles on the operator of the auto, as the family of the affected mulls over legal options. The company says it doesn't yet know what happened "in the moments leading up to the accident, and we do not yet have any idea what caused it". NTSB is expected to make a formal announcement in a release later Thursday, said the person, who spoke on the condition of anonymity.

"As a reality check, Tesla is worth twice as much as Ford [estimate of the enterprise value of both companies], yet Ford made six million cars a year ago at a $7.6 billion profit, while Tesla made 100,000 cars at a $2 billion loss", Vilas Capital Management head John Thompson told Market Watch in March, adding that Tesla is months away from collapse. This time, sharing that its semi-autonomous system Autopilot was engaged with the adaptive cruise control follow-distance set to minimum. It pointed to US government data indicating that Tesla's Autosteer system, which is part of Autopilot, reduced crash rates by as much as 40% compared to vehicles without it.

The family of a driver killed in a Tesla auto crash has hired law firm Minami Tamaki LLP to explore legal options, the law firm said on Wednesday, adding that the Autopilot feature in the electric carmaker's vehicle probably caused his death.

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"Tesla withdrew from the party agreement with the NTSB because it requires that we not release information about Autopilot to the public, a requirement which we believe fundamentally affects public safety negatively", the statement reads.

"We empathize with Mr. Huang's family, who are understandably facing loss and grief, but the false impression that Autopilot is unsafe will cause harm to others on the road", Tesla continued, according to The WSJ.

"It is unfortunate that Tesla, by its actions, did not abide by the party agreement", Sumwalt said in the NTSB statement on Thursday. The company said it "believe [s] in transparency, so an agreement that prevents public release of information for over a year is unacceptable".

April 12: exhausted yet? Tesla was offered and accepted party status for the NTSB investigation into the Mountain View crash.

Those claims suggested that the company's semiautonomous driving system created safety problems, the spokesperson added.

The issue of attentiveness also arose in the first U.S. pedestrian fatality involving a self-driving auto, when on March 18 an Uber Technologies sport utility vehicle killed a woman in Tempe, Arizona. For Tesla, there is one fatality, including known pedestrian fatalities, every 320 million miles in vehicles equipped with Autopilot hardware.

Elon Musk is so committed to saving Tesla's Model 3 from its production hell that he has been sleeping on the floor of Tesla's Fremont, Calif., factory for the past few months because he doesn't even have time to go home and shower.

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