Tesla Under Investigation by National Highway Traffic Safety Administration Due to Autopilot Systems
Jun 10, 2022 By MarketDepth
The national Highway Traffic Safety Administration (NHTSA) has upgraded an investigation into Tesla’s (NASDAQ: TSLA) Autopilot system, that may lead to a recall. The U.S. agency launched the investigation into Tesla vehicles with partially automated driving systems that have been colliding with parked vehicles.
Probe Changed to Engineering Analysis
The probe has been upgraded to an engineering analysis, which is the final stage of an investigation. The majority of the time, the NHTSA will make a decision within a year to either issue a recall or close the probe all together. It has been approximately 10 months since the agency opened the inquiry.
“NHTSA appears to be increasingly closer to taking firm action against Tesla, which will hopefully be strong enough to permanently dissuade the company from continuing to mislead the public about the capabilities of its vehicles.”
Michael Brooks, acting executive director and chief counsel of the Center for Auto Safety, said in an email
Tesla has yet to comment on the matter. The automakers shares were down 0.9% Friday morning, canceling out previous gains. The stock has tumbled 32% throughout the year and has a current market cap of USD730.07 Billion.
