Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
Publishing timestamp: 2024-05-07 19:04:36
Summary
The NHTSA is pressing Tesla for answers about updates to its Autopilot driver assistance system following a voluntary recall in December. If Tesla doesn't provide sufficient information by July 1, it faces fines up to $135.8 million. The recall was intended to improve driver-engagement systems, but since then, at least 20 Tesla vehicles have been involved in crashes where the system was thought to be in use. NHTSA is seeking detailed crash data from Tesla and information about the company's engineering teams. Tesla shares fell 3.8% on Tuesday and are down 28% year to date.
Sentiment: NEGATIVE
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Keywords: breaking news: technology, elon musk, business news, tesla inc, autos, technology,