rtmark
LearnBonds.com

Tesla Motors Inc (TSLA): Autopilot Wasn’t in Use During Fatal Crash

Tesla Motors Inc (NASDAQ:TSLA)

California based electric vehicles producer, Tesla Motors Inc , has said that its Model S Sedan was not in autopilot mode during a fatal crash.The crash happened in the Netherlands,, and the EV was reportedly travelling at 96 MPH.  The incident occurred on the 07/09/2016, resulting in the death of the 53-year-old driver. Specifically, the crash occurred in the town of Baarn. Tesla Motors Inc (NASDAQ:TSLA)An article published on Yahoo gave further details. It reads “The 53-year-old driver of the electric sedan died Wednesday when his car smashed into a tree in the central Dutch town of Baarn and burst into flames, police and firefighters said. Police are investigating the cause of the early morning accident in the town 40 kilometers (25 miles) southeast of Amsterdam.”

Tesla Motors Inc (TSLA) Model S Severely Damaged

Tesla Motors Inc  recently released a statement, saying “We are working with the authorities to establish the facts of the incident and offer our full cooperation.” The car crashed into a tree at high speed, recently in damage a lot of damage to the vehicle. Spokesperson for the Emergency Services, Ronald Boer said “The car was so badly damaged that the firefighters could not operate its security systems.”

Although it seems that this incident didn’t occur while the EV was in autopilot mode, a few other crashes have previously occurred, raising doubt over the safety of Tesla’s autopilot system. In May 2016, a man was killed after his Tesla vehicle crashed in Florida while it was in autopilot mode.

Tesla Motors Inc Down by 0.55%

As the NASDAQ closed on the 07/09/2016, Tesla Motors Inc  was down by 0.55% (or $1.12) on the day, giving the corporation a market cap of $30.76 billion. In recent days, the stock has slightly recovered a 1-month low. In 2016, the firm opened its new lithium-ion Gigafactory in Nevada, as well as unveiling their Model 3 EV.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar