Tesla Motors, Inc. (NASDAQ: TSLA) – How safe are Tesla vehicles? Elon Musk reacts to new data

Tesla, Inc. (TSLA) has had its fair share of quality issues and vehicle recalls lately. A recent report released by the company shows that Tesla’s vehicle accident statistics compare favorably to the average number compiled by the US transportation regulator.

What happened: Tesla had an accident for every 4.31 million miles driven using Autopilot technology, the electric vehicle maker said in fourth-quarter crash data posted on its website. The company recorded one accident per 3.45 million miles driven in the prior year quarter and one accident per 4.97 million miles in the third quarter of 2021.

For drivers not using Autopilot technology, the company said it recorded one accident for every 1.59 million kilometers driven. This compares to the previous year’s figures of one crash per 1.27 million miles in the fourth quarter of 2021, and third quarter statistics of one crash per 1.6 million miles driven.

By comparison, recent data from the National Highway Traffic Safety Administration revealed that there is a car accident for every 484,000 miles driven, Tesla noted. Reacting to a shared tweet about the data, CEO Elon Musk commented on the contrast in the numbers.

Related Link: Tesla Analyst Raises Price Target, Says Company Can ‘Render All Other EV Names Obsolete’

Why it matters: The numbers are gaining momentum following NHTSA’s investigations into the company. In August 2021, the agency opened a formal investigation into Tesla’s Autopilot having issues recognizing parked emergency vehicles. Later in October, the agency asked the company why it did not file recall documents when it performed live updates to its Autopilot software.

NHTSA has also objected to Tesla having nondisclosure agreements for its fully self-contained early access beta program, which restricts participants from sharing information with the agency. Tesla’s FSD is in beta testing and a wider rollout has long been delayed.

The company recently increased the price of the FSD software from $10,000 to $12,000, effective January 17.

Related Link: EV Week in Review: Elon Musk Keeps His Doge Promise, SEC Subpoenaed Hyzon, Fisker Teases Supercar, Rivian Warns, and More

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About Nereida Nystrom

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