Federal regulators opened a new probe into Tesla’s Full Self-Driving after 58 crashes tied to traffic violations. The investigation covers 2.9M vehicles, intensifying scrutiny of Musk’s driverless ambitions as Tesla shares slipped 0.7%.
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Federal regulators launched a new investigation into Tesla's self-driving feature after multiple incidents where cars violated traffic laws and caused crashes, according to the AP.
00:11National Highway Traffic Safety Administration is investigating 58 incidents in which Tesla's using full self-driving mode allegedly broke traffic laws causing crashes, fires, and injuries.
00:20Probe adds to other ongoing investigations that threaten Elon Musk's plan to make Tesla vehicles fully driverless through software updates.
00:26Probe covers 2.9 million Teslas equipped with FSD, adding to several ongoing investigations that could challenge Elon Musk's plan to deploy fully driverless vehicles via software updates.
00:38Analysts criticized the program's safety record, saying the technology has turned public roads into a testing ground.
00:43Tesla stocked up nearly 3% intraday Thursday before closing down 0.7%.
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