California based electric vehicles producer, Tesla Motors Inc (NASDAQ:TSLA), 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. 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 (NASDAQ:TSLA) 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 (NASDAQ:TSLA) 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.