A Tesla owner has reported that the company’s Full Self-Driving (FSD) system attempted to drive his vehicle into a lake on multiple occasions. The owner, Daniel Milligan, shared a video on social media showing the incident, which occurred while the vehicle was operating on FSD version 14.2.2.4.
Details of the Incident
Milligan stated that he had set a destination on the map and engaged the FSD system, which then proceeded to drive the vehicle onto a boat ramp and towards the water. He intervened and stopped the vehicle, but the incident was repeatable, even at night. Milligan shared a second video showing the incident, which he said was proof that he did not fake the initial video.
Concerns About FSD Capabilities
The incident raises serious questions about the capabilities of Tesla’s FSD system. The National Highway Traffic Safety Administration (NHTSA) has already opened a probe into the technology, investigating over 2.88 million Tesla vehicles after receiving reports of more than 50 traffic safety violations and multiple accidents.
Criticism from Investors
Investor Ross Gerber has also criticized the FSD system, calling it “annoying” and stating that it is unable to function properly in sunny weather conditions. Gerber was using the same FSD version as Milligan when he experienced issues. Meanwhile, Elon Musk has touted Tesla as having the largest autonomous vehicle fleet in the future.
Potential Impact on Tesla Stock
Investor Gary Black believes that Tesla stock could rally once the company announces operating “hundreds” of unsupervised Robotaxis in Austin and other cities. However, the recent incidents and criticism of the FSD system may impact investor confidence in the company.
Current Price Action
Tesla’s stock price has remained relatively stable, with a gain of 0.09% to $417.44 at market close on February 13. The company’s momentum and long-term price trend remain favorable, according to Benzinga Edge Rankings.
Conclusion
The incident involving Tesla’s FSD system attempting to drive into a lake raises serious concerns about the technology’s capabilities and safety. As the company continues to develop and refine its autonomous driving technology, it will be important to address these concerns and ensure that the system is safe and reliable for use on public roads.