Tesla is recalling over 2 million vehicles across its model lineup due to a defective system that is supposed to ensure drivers are paying attention when using Autopilot. The National Highway Traffic Safety Administration (NHTSA) conducted a two-year investigation into a series of crashes that occurred while the Autopilot system was in use. Tesla will soon send out a software update to fix the problem, but details on how the software update will work and how customers can get it have not yet been released.
Posts tagged as “Tesla Inc.”
Tesla Inc. has reduced the prices of several of its electric vehicles, making them eligible for a new federal tax credit that could help spur buyer interest. Despite the move, investors were not pleased and Tesla shares dropped nearly 4%. The company is hoping the tax credit and price cuts will encourage more people to buy its vehicles.