Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla’s continued legal troubles; US commits to EV advancement; and China EVs shine in August.
As always, InvestingPro users get EV headlines at lightning speed. Never miss another opportunity to secure an edge for your portfolio.
The National Highway Traffic Safety Administration (NHTSA) in July sent Tesla (NASDAQ:TSLA) a notice seeking additional information on modifications made to the EV giant's driver monitoring system, which is an integral part of the company's autopilot software, as revealed by documents released on Tuesday.
NHTSA is specifically concerned about a software update that extends how long drivers can utilize it without requiring them to apply force to the steering wheel. US regulators are worried that this relaxation of controls could lead to drivers becoming inattentive and increase the risk of inadequate supervision of the autopilot system.
Adding to Tesla's challenges, the company is set to face legal proceedings this month and in October regarding allegations that its Full Self-Driving (FSD) autopilot feature has been responsible for fatal accidents.
The initial trial, in California's state court, involves a civil litigation case alleging that Tesla's Autopilot system caused a Model 3 owned by Micah Lee to suddenly veer off a highway east of Los Angeles while traveling at 65 miles per hour. The alleged malfunction resulted in a collision with a palm tree, causing the vehicle to catch fire, and the incident transpired in a matter of seconds.
The second trial is scheduled for early October in a Florida state court and revolves around a 2019 accident north of Miami in which Stephen
Read more on investing.com