Tesla's much-hyped hope to bring electric vehicles to the masses suffered another blow, as production problems with the company's purported entry-level auto led to a downgrade from a Morgan Stanley analyst. While Tesla's Autopilot feature indicates that a driver must be attentive at all times, the driver admitted that she was looking at her phone prior to the collision.
Musk's off-script musings could hurt Tesla's ability to obtain cash from capital markets, Jonas told Bloomberg shortly after the call concluded.
While Tesla management believes the Model 3's margin falling below the company's 25 per cent target will prove to be temporary, Jonas said the headwinds are more structural. Days after another crash involving Tesla's Autopilot system and the departure two key executives, the company announced it is shutting down its Model 3 assembly line for six days at the end of this month to fix production problems.
Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they are always responsible for the vehicle's safe operation, Tesla has said.
Ensuring that drivers stay engaged and alert when using Autopilot is extremely important. "It is not a self-driving system", Musk said.
NTSB spokesman Keith Holloway told the Deseret News, as of Monday evening, the agency had not opened an investigation into the Friday crash in South Jordan but would make an announcement if that status changed. Tesla's Autopilot allows the vehicle to drive itself for short periods of time with steering, acceleration, and braking based on traffic conditions.
"It's super messed up that a Tesla crash resulting in a broken ankle is front page news and the ~40,000 people who died in USA auto accidents alone in past year get nearly no coverage".
The US National Transportation Safety Board (NTSB) is investigating at least two recent fires involving Tesla vehicles.
In one of those accidents, a woman in Utah broke her foot after she slammed into a truck when her vehicle allegedly ran a red light while it was in autopilot mode. Jalopnik asserts that witnesses of the crash didn't see the Model S brake before the impact.