Musk to review all of Tesla's expenses in new cost cutting plan

  • Musk to review all of Tesla's expenses in new cost cutting plan

Musk to review all of Tesla's expenses in new cost cutting plan

On March 1, a Tesla Model 3 crashed into a semitrailer in Delray Beach, Florida, which sheared off the vehicle's roof and proved fatal for the driver. The truck driver was trying to cross the highway's southbound lanes and turn left into the northbound lanes. The vehicle underrode the trailer after striking the left side and came to a halt 488 m from the crash site.

Tesla shares closed at the lowest level in nearly 2 1/2 years after Elon Musk called for a "hardcore" review of all the electric-car maker's expenses and an analyst warned of potentially severe fallout from a fatal crash involving Autopilot. Fortunately for the 45-year-old truck driver, he was uninjured.

In a preliminary report on the March 1 crash, the NTSB said that initial data and video from the Tesla show that the driver turned on Autopilot about 10 seconds before the crash on a divided highway with turn lanes in the median.

The Tesla, which had been in Autopilot mode for 10 seconds, didn't slow down in the moments leading up to the crash and Banner's hands never touched the wheel, according to Tesla's data. The analyst said that if Tesla were to be required to recall or shutter Autopilot until the system is modified and validated, sales will drop, sentiment will worsen, and liabilities will increase.

"Preliminary vehicle data show that the Tesla was traveling about 68 miles per hour [109 km/h] when it struck the semitrailer", the report said.

This is just the preliminary report and investigation on other factors like the actions of the driver of the tractor-trailer, highway conditions, survival factors amongst others will continue. NTSB further added that probable cause has not been determined. The cause which will help issue safety recommendations to prevent similar crashes.

"When used properly by an attentive driver who is prepared to take control at all times, drivers supported by Autopilot are safer than those operating without assistance, " the company said.

The Autopilot system is actually the star of the show in Nico's Hands-Free Podcast, as he drives around interviewing his passengers while the auto does most of the heavy lifting when it comes to driving down the highway.