Self-driving car: Are Elon Musk Tesla’s active safety systems in auto vehicles trustworthy?

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Self-driving car: Are Elon Musk Tesla’s active safety systems in auto vehicles trustworthy?

The world’s richest person’s Tesla hits $1 trillion: What to know as the company becomes just the fifth US company to reach the milestone

Tesla’s failure to respond to its safety recommendations by NTSB  is of deep concern to the Board

The Verge wrote that Tesla’s failure to respond to its safety recommendations made four years ago by The National Transportation Safety Board concerning the company’s controversial driver assist feature, Autopilot signify that Tesla’s active safety systems in auto vehicles are inefficient.

In 2017, the NTSB recommended that Tesla and five other automakers install driver monitoring systems in their vehicles to ensure that drivers remain alert even when the active safety system is in place.

 The Council Board also appealed to automakers to limit the use of driver assistance features on highways. The recommendation was made in response to an investigation into an accident in which the Tesla owner died when his car hit a truck crossing the highway.

Tesla failed to respond to its safety recommendations, but  five other automakers officially responded to the recommendations within the 90-day

 While Tesla did increase the frequency of alerts when drivers take their hands off the steering wheel while using Autopilot, Tesla never officially responded to the safety recommendations while the five other automakers officially responded to the recommendations within the 90-day – an action that has caused deep concern to the Board.

NTSB Chair Jennifer Homendy revealed in the letter to Tesla CEO Elon Musk, that she had reminded, Elon, about stating that ‘safety is always the primary design requirement for a Tesla.

Jennifer Homendy writes to Musk, before going on to lament the recent release of the company’s Full Self-Driving beta software update the enables some Tesla owners to use a more advanced version of Autopilot on a city and residential streets.

NTSB Chair also said that Tesla’s failure to respond has led to additional crashes and further safety lapses.

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The NTSB can conduct investigations and make recommendations but has no enforcement authority

The NTSB can conduct investigations and make recommendations but has no enforcement authority. NTSB isn’t a regulatory agency and, as such, lacks the authoritative force to turn Tesla’s hand in their favour.

The National Highway Traffic Safety Administration, which has the ability to issue recalls, is currently investigating possible defects in Autopilot that may have caused nearly a dozen crashes involving stationary emergency vehicles.

Tesla, the world’s most valuable automaker, just joined the trillionaire club, becoming the 5th US company to hit $1 trillion

With its stock price closing at an all-time high of $1,024.86 on Monday, the company`s market value eclipsed $1 trillion. Following a record run, shares of the electric vehicle maker took a breather Tuesday, dipping 0.6% to snap four straight days of gains.

 Tesla, led by billionaire Elon Musk, is the fifth U.S. company to hit the milestone, which includes Apple, Microsoft, Amazon, and Google parent Alphabet.

 The latest rally came after rental car company Hertz, which filed for Chapter 11 bankruptcy protection early in the COVID19 pandemic, announced Monday that it plans to buy 100,000 cars from Tesla by the end of 2022 in a pivot toward electric vehicles. It`s among the largest electric vehicle orders ever placed.

The recent strong earnings streak and the upbeat outlook from Wall Street analyst Morgan Stanley also added optimism to Tesla stock.

 Its market value is higher than that of General Motors, Toyota, Ford, Volkswagen, BMW, and many other auto giants combined. Tesla stock took in about $100 billion in just one day on Monday,  nearly double Ford’s market cap. Here’s an analysis of the factors fueling

Tesla’s astonishing market cap:

Hertz moves to buy 100,000 cars from Tesla by the end of 2022

Hertz’s decision to buy 100,000 vehicles from Tesla by the end of 2022 is one of Amazon’s largest electric vehicle orders, equivalent to 100,000 electric vans ordered from startup Rivian.  Wedbush Securities analyst Dan Ives estimates the deal to be worth around $4.2 billion.

 Hertz also plans to install thousands of electric vehicle charging stations in its offices.

While this move is widely regarded as the future of the automotive business, it represents the car rental company’s biggest investment in technology, which many Americans are still wary of when it comes to battery drain while driving.

Tesla’s Strong earnings: Tesla posted a third straight record quarterly profit on the back of record deliveries

Tesla posted record-breaking profits for the third straight quarter in record shipments last week. 4,444 Tesla posted record-high vehicle shipments in the third quarter. Between July and September, the company delivered 241,300 electric vehicles worldwide, up 73% from last year.

 Musk, the richest man in the world, becomes the largest shareholder of the company. Tesla’s assets, including proprietary and non-investment options, were valued at about $297 billion as of Monday,  citing corporate governance data firm Equilar, according to the Wall Street Journal.

The USA Today reported that Tesla posted record-breaking deliveries last week, posting record profits for the third quarter in a row. Tesla shipped 4,444 vehicles in the third quarter. Between July and September, the company delivered 241,300 electric vehicles worldwide, up 73% from last year.

 Musk, the richest man in the world, becomes the largest shareholder of the company. According to the Wall Street Journal, citing corporate governance data firm Equilar, Tesla’s assets, including stocks and non-investment options, were valued at about $297 billion as of Monday.

Tesla still faces challenges growing its earnings in the coming quarters due to supply chain disruptions.

Clearly, Tesla is facing revenue growth challenges next quarter due to supply chain disruption. The company told shareholders last week that a variety of issues, including semiconductor shortages, port congestion, and constant power outages, are affecting our ability to keep factories running at full speed. According to his calculations, third-quarter sales of Tesla were up about 70%, despite a decline in global car production by about a fifth. Global automotive business intelligence provider

Jato Dynamics revealed Monday that the Tesla Model 3 electric sedan is the first purely electric vehicle to drive new car sales in Europe in September.

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