The tech tycoon went on to praise the safety of the Model S, saying that it was "amazing" the driver only broke her ankle in the accident and that "an impact at that speed usually results in severe injury or death". "We see Tesla as trading near fair value with a balanced risk reward, and believe that is subject to extremely high levels of fundamental execution risk, market/funding risk, and a highly volatile share price".
The U.S. agency also is looking into the performance of the company's semi-autonomous Autopilot system after a Tesla Model X SUV crashed into a barrier on a California highway. Last month, Musk sent an all-hands email decrying meetings, the chain of command, Tesla's contractors, and excessive spending, but it seems that he isn't done. Tesla is producing about 2,660 Model 3's per week, according to Bloomberg's Tesla Tracker.
Cantonal police in Ticino are not commenting on the fatal accident which is one of three incidents involving Tesla cars in recent days.
Executive turmoil at Tesla continues apace: Now the electric automaker's engineering head is "taking some time off" from the company, Reuters reports.Doug Field, a senior vice president, . Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they are always responsible for the vehicle's safe operation.
Musk tweeted that while the eye tracking had been on the table, it was rejected for its ineffectiveness rather than cost. He said Tesla's record of a fatality every 320 million miles compared with last year's national average of 86 million miles, per safety regulators.
In another Twitter message on Monday, Musk said the "probability of fatality is much lower in a Tesla", saying Tesla would begin reporting safety numbers from the second quarter of 2018.
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By 2022, it plans to double gasoline production to about 10 million tons a year and triple petrochemicals capacity to 11.4 million tons a year.
Tesla has been struggling to find solutions to manufacturing bottlenecks on the new assembly line that produces the Model 3, a sedan intended for volume production.
Police are investigating whether a Tesla sedan's semi-autonomous Autopilot feature was engaged when it rear-ended a fire department truck in Utah. "While we understand the demand for information that parties face during an NTSB investigation, uncoordinated releases of incomplete information do not further transportation safety or serve the public interest".
Pressure on Tesla (TSLA) shares continued to mount Tuesday as an analyst who had been bullish on the stock slashed his price target on the electric auto company due to challenges in ramping up Model 3 production.
Sam Winkler said the driver told police she was looking for an alternate route on her phone in the moments before the crash and only looked up just before impact.
United States police said it was unknown if the car's autopilot feature was on at the time.