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Posts Tagged ‘Tesla Autopilot accident’

Chinese Investment Firm Takes 5% Stake in Tesla

Tesla Autopilot car hits police officer, adding new concerns about autonomous vehicles.

by on Mar.28, 2017

Tesla CEO Elon Musk said the company needed an infusion of cash, and it got it, from Tencent, which now holds 5% of Tesla stock.

One of China’s largest technology investment firms has taken a 5% stake in the U.S. battery-electric vehicle manufacturer Tesla.

In a public filing, Tencent Holdings said it has purchased nearly 8.2 million shares of Tesla stock. The automaker’s shares have been on a roller-coaster ride in recent months as the company struggled to fund the development of its critical Model 3 battery sedan.

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The automaker’s shares surged on news of the Chinese investment. (more…)

Autopilot Not at Fault in European Crash, Tesla Says

EV maker still cooperating with Dutch authorities in investigation.

by on Sep.09, 2016

Tesla officials are saying that the Autopilot program played no role in the most recent Model S crash.

Tesla Motors officials said the driver of a Model S who died this week in the Netherlands was not using the vehicle’s Autopilot function at the time of the crash. The company said it is cooperating with authorities in the investigation.

Police and firefighters arrived at the scene to find the car damaged, but it is unclear if the 53-year-old driver was using the vehicle’s semiautonomous vehicle mode when he crashed in the Dutch town of Baarn, approximately 25 miles southeast of Amsterdam.

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“Thus far, we can confirm from the car’s logs that Autopilot was not engaged at any time during the drive cycle and that, consistent with the damage that was observed after the vehicle struck the tree, the vehicle was being driven at more than 155 kilometers an hour,” a Tesla spokesman said in a statement. (more…)