Why is Tesla under a formal investigation in the U.S.? Stock cracks over 4%

Updated : Aug 17, 2021 08:59
|
Editorji News Desk

A big speed breaker for Elon Musk founded EV major Tesla as regulators in the United States have launched a formal investigation into its autopilot system. To put it simply, Tesla is under investigation because its cars keep hitting emergency vehicles.

11 accidents involving Tesla cars using autopilot have resulted in a crash with emergency vehicles when coming upon the scene of an earlier crash. These accidents have resulted in 17 injuries and one death.

The investigation covers an estimated 765,000 vehicles across models built between 2014 and 2021.

Tesla IncElectric VehiclesElon Musk

Recommended For You

editorji | Business

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

editorji | Business

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

editorji | Business

RBI raises FY26 GDP growth projection to 7.3 pc

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

editorji | Business

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade