Thursday, September 29

Tag: Tesla

U.S. agency probes Tesla crashes that killed 2 motorcyclists
Business

U.S. agency probes Tesla crashes that killed 2 motorcyclists

Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.The National Highway Traffic Safety Administration sent investigation teams to two crashes last month in which Teslas collided with motorcycles on freeways in the darkness. Both were fatal. The agency suspects that Tesla's partially automated driver-assist system was in use in each. The agency says that once it gathers more information, it may include the crashes in a broader probe of Teslas striking emergency vehicles parked along freeways. NHTSA also is investigating over 750 complaints that Teslas can brake for no reason. Th...
Elon Musk sells $4 billion in Tesla stock, probably to help finance his Twitter deal
Business

Elon Musk sells $4 billion in Tesla stock, probably to help finance his Twitter deal

Detroit — Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13. The world's richest man, who is the CEO of Tesla, tweeted that he doesn't plan any further sales of the company's shares. He still owns just over 168 million shares in the electric carmaker, via a trust, Agence France-Presse points out. Most of the sales took place on Tuesday, when Tesla shares closed down 12%, a huge single-day drop. Analysts said Tesla investors fear Musk will be distracted by Twitter and less engaged in running the ele...