NEW YORK (AP) — Federal regulators have opened yet another investigation into Tesla’s self-driving feature after dozens of incidents in which the cars ran red…
— Federal regulators have opened yet another investigation into Tesla’s self-driving feature after dozens of incidents in which the cars ran red lights or drove on the wrong side of the road, sometimes crashing into other vehicles and causing injuries.
The National Highway Traffic Safety Administration said in a filing that it is looking into 58 incidents in which Teslas reportedly violated traffic safety laws while using the company’s so-called Full Self-Driving mode, leading to more than a dozen crashes and fires and nearly two dozen injuries. The new probe adds to several other open investigations into Tesla technology that could upend Elon Musk’s plans to turn millions of his cars already on the road into completely driverless vehicles with a over-the-air update to their software.
“The ultimate question is, ‘Does the software work?’” asked Seth Goldstein, a Morningstar analyst with a “sell” rating on the stock. Added money manager Ross Gerber, “The world has become a giant testing ground for Elon’s concept of full self-driving, and it’s not working,”
The probe comes as Musk, whose fortune as the world’s richest man derives partly from Tesla’s levitating stock, has promised to roll out hundreds of thousands of driverless taxis in cities around the U.S. by the end of next year.
The new investigation covers 2.9 million vehicles, essentially all Teslas equipped with full self-driving technology, or FSD, a misnomer criticized for lulling drivers into handing full control over to their cars.
