Tesla, Inc. shares are trading lower following reports that the US National Highway Traffic Safety Administration (NHTSA) will open a probe into 2.88 million Tesla vehicles over reports of Full Self-Driving traffic violations.
What to Know
The NHTSA is opening an investigation into Tesla vehicles equipped with Full Self-Driving after receiving more than 50 reports of traffic-safety violations and multiple crashes. The agency stated that the system, which still requires drivers to remain attentive, has induced vehicle behavior that violated traffic safety laws. Incidents reportedly include Teslas driving through red lights and traveling in the wrong direction during lane changes.
Details of the Probe
The NHTSA is reviewing 58 reports of safety violations tied to FSD, including:
- 14 crashes
- 23 injuries
- 6 cases where Teslas continued through intersections against red lights, leading to collisions, with 4 resulting in injuries
The agency also plans to review FSD’s behavior near railroad crossings, following a report from a driver in Houston who claimed that FSD was not recognizing traffic signals.
Implications of the Probe
The new probe marks the latest in a series of investigations into Tesla’s advanced driver assistance features. The preliminary evaluation could lead to a recall if regulators determine the vehicles pose a safety risk.
Recent Developments
Tesla issued a software update for FSD this week. CEO Elon Musk stated that Tesla vehicles will feel like they are “sentient” by version 14.3.
Stock Performance
At the time of writing, Tesla shares are trading 2.14% lower at $429.52.
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