Elon Musk lost billions of dollars in one day: Tesla shares fell after news about the investigation of an accident involving an autopilot appeared

Tesla shares fell 4.32% earlier this week after the US government launched a formal investigation into incidents involving the Tesla Autopilot self-driving system. At the same time, the fortune of the founder of Tesla and SpaceX, Elon Musk, decreased by $ 6.9 billion in one day.

The investigation covers 765,000 vehicles: almost everything Tesla has sold in the US since the beginning of the 2014 model year. In the accidents recorded by the National Highway Traffic Safety Administration (NHTSA) as part of the investigation, 17 people were injured and one died.

Elon Musk lost billions of dollars in one day: Tesla shares fell after news about the investigation of an accident involving an autopilot appeared

Most of the incidents occurred after dark and the collision sites detected included on-site controls such as emergency vehicle lights, flares, arrow and traffic cones, ”the document says. “It was confirmed that all vehicles involved were engaged either in autopilot or in the cruise control system, taking into account the traffic before the crashes.

NHTSA

When activated, Tesla’s autopilot system allows you to maintain speed and stay in the center of the lane, but does not provide complete vehicle safety. Drivers are still responsible for detecting obstacles on the road and maneuvering other vehicles.

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