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Tesla Motors Inc (TSLA) Autopilot Gets Hung up in Hong Kong

Tesla Motors Inc (TSLA) Autopilot Display

Tesla Motors Inc car owners in Hong-Kong got a warning from the Transport department against making use of new autopilot mode. The department said it is yet to get the local regulatory approval for the new technology, and it could also lead to accidents, says a report from ejinsight.

Tesla Motors Inc (TSLA) Autopilot Display

Tesla autopilot not fit for Hong Kong roads

Almost 15 days back, Tesla rolled out a Beta version of the auto-steering software, and more than 60,000 Tesla owners around the world have already downloaded it. This auto-pilot system allows drivers to run the cars without the need of having their hands on the driving wheel.

A man, surnamed Tsim, bought Tesla Model S P85D around two months back, and paid HK$19,000 for the auto-pilot system. He has the latest version of the software on his car, but has met situations that could have resulted in serious road accidents, the report said.

“The system might not work for roads in Hong Kong,” Tsim said. “It works well on long straight roads, but the system makes faulty decisions ahead of turns.”

Apple Daily reporters conducted a 30-min. test using the new software in co-operation with a Tesla Motors Inc car owner. They made note of more than one instance in whichthe car could have met with a serious accident while being in Autopilot mode. There are 3,000 electric cars running in Hong Kong, and half of those are Tesla’s.

Tesla’s autopilot mode had the ability to control the steering of the car, fuel and brake pedals based on the signals sent from the GPS, radar, cameras and ultrasonic sensors of the car to locate the position of nearby cars and obstacles. There are several videos on YouTube that show Tesla Motors drivers run the cars on the highways with their hands off the steering wheel.

DMV targets Tesla again?

Previously, Tesla Motors CEO Elon Musk got a warning letter from the DMV claiming that the firms ‘referral program’ was in violation of California laws. Now, the DMV has sent a memo aimed at false ad practices of the firm, claimed a Sacramento-based trade association.

On Thursday, the California New Car Dealers Association issued a media release saying that around two-years back it alerted DMV of the many ad violations that Tesla had been making. The association said that DMV has “finally issued a memorandum reminding manufacturer advertisers about truth-in-advertising laws.” The association, however, said the memo does not specifically name Tesla Motors Inc .

At 10.10 am EDT, Tesla shares were down 1.37% at $209.01. Year to date, the stock is down over 6% while in the last one-month, it is down over 16%.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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