Published: Wed, May 16, 2018
Finance | By Claude Patterson

Tesla Model 3 software updates revealed

Tesla Model 3 software updates revealed

The company spared no assurance during the Q1 conference call that Model 3 production is ramping up faster, and the 5,000-a-week target will be hit by the end of June, but its shares have been falling as investors' trust begins to wane.

According to a report in the Wall Street Journal, the firm's engineers wanted to include additional safeguards on the system, but these were rejected by executives, including CEO Elon Musk, over concerns that they were too expensive, ineffective, and would annoy drivers.

A US traffic safety regulator on May 2 contradicted Tesla's claim that the agency had found that its Autopilot technology significantly reduced crashes.

A Tesla spokesman said: 'We are deeply saddened by this accident, and we are working to establish the facts of the incident and offer our full cooperation to local authorities'.

Tesla faces a slew of other issues, from increased skepticism over its finances to safety probes by regulators.

"Even in the owners manual for the Tesla ... it says that they're semi-autonomous and the driver must still be aware of the road at all times, be attentive to the road, and be in physical control at all times in case of the need to take evasive maneuvers", Winkler said.

"This is false", Musk wrote.

"There's only so many hours in the day and Musk has said that he's sleeping in the office and that he's doing everything that he can but there's only so much that one person can do", said Cole. Last month, Musk sent an all-hands email decrying meetings, the chain of command, Tesla's contractors, and excessive spending, but it seems that he isn't done.

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.

Tesla's autopilot feature has come under scrutiny in recent times following three fatal accidents that occurred while it was being used.

In a statement, the South Jordan Police Department said the driver admitted that she was looking at her phone prior to the collision.

The NTSB said last week it was investigating a Tesla accident in Fort Lauderdale, Florida, on May 8 that killed two teenagers and injured another - the agency's fourth active probe into crashes of the company's electric vehicles.

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