Tesla expected to halt production for six days

A Tesla Model 3 after crashing into the back of a truck

Morgan Stanley automotive analyst Adam Jonas, one of Teslas biggest bulls, has dropped his price target for Elon Musk's electric vehicle company from $376 to $291, below the company's trading price at the close of market on Monday. "Our thoughts are with the families and friends affected by this tragedy", a Tesla spokesperson told Newsweek at the time.

Ensuring that drivers stay engaged and alert when using Autopilot is extremely important.

A Tesla vehicle in China in 2017. While Tesla's Autopilot feature indicates that a driver must be attentive at all times, the driver admitted that she was looking at her phone prior to the collision.

South Jordan police said the Tesla Model S was going 60 miles per hour when it slammed into the back of a fire truck stopped at a red light.

Tesla said it was "deeply saddened" by the accident and was working with local authorities to establish the cause.

Vodafone falls 3% on CEO resignation
Analysts said the timing of the departure should come as no surprise and that investors should be reassured by Read's appointment. The company added over 1 crore pre-paid customers but lost 5.76 lakh contract or post-paid customers in the January-March period.

The NTSB now has four investigations looking at incidents involving Tesla vehicles, though not all of them involve issues with the company's autopilot systems.

One is into a Model S that caught fire after crashing into a wall in Florida, when two 18-year-olds were trapped and died in the flames. That's also why we've taken so many steps to improve this process over time, including an update that prevents a driver from re-engaging Autopilot if they ignore repeated warnings. Waymo, Alphabet Inc's self-driving unit, said on Sunday that Matthew Schwall had joined from Tesla, where he was its main technical contact with USA safety investigators.

That would translate to about 3,500 Model 3s per week, up quite a bit from the weekly production rate of 2,270 it hit in the last week of April.

Tesla has released significant evidence to the public regarding the recent Model X crash, but we don't know what official response it will have to the latest incident. NTSB Chairman Robert Sumwalt released a statement explaining why his agency revoked Tesla's status as an official participant in that investigation.

Tesla faces a slew of other issues, from increased skepticism over its finances to safety probes by regulators.

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