The accident happened in Williston, Florida, shortly after a 40-year-old driver put his Tesla Model S in autopilot mode to control the EV car while driving on the highway. In a time when Americans started to become more confident about the idea of letting the EV car drive itself, this accident fed their doubts about the Autopilot mode.
At the beginning of 2018, the Tesla company faced some financial problems. Some missed projections have caused investors to give up on their stock, and before that, in the middle of 2017, the company also lost about 5% of its value with a downfall that was worth $12 billion.
In the same year, in August 2018, the actual CEO of Tesla posted a tweet about his plan to take the company private “at $420”, and he also stated that guaranteed that he would find funding to regain Tesla's shares.
His statement triggered a round of active trading because all of the investors rushed to get some shares before the buyback happened. Elon Musk managed to elevate the company’s stock price back then by 10% before closing the trading.
A month later, the Securities and Exchange Commission accused Elon Musk of fraud after his tweet. Their accusation claimed that he provided some false information to purposely elevate the company’s stock price in a short time.
Do you think that the CEO of Tesla wants to erase the company’s digital history and make these events forgotten for good in the eyes of the public and authorities? We’re looking forward to seeing how the strategy of Tesla and Elon Musk is changing in the EV world and what features and improved cars are about to come.
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