Tesla’s (NASDAQ:TSLA) Continue to Crash on Their Own

Tesla’s (NASDAQ:TSLA) Continue to Crash on Their Own

Tesla’s (NASDAQ:TSLA) Continue to Crash on Their Own

$TSLA

In June there was a strange accident in Irvine, CA, where a Tesla Model X suddenly accelerated in a parking lot and crashed into a building. Fortunately, no one was injured during the event.

What was particularly interesting about the accident is that the driver claimed the vehicle accelerated on its own. Tesla said it reviewed the logs and claimed that the accelerator pedal was pressed. There was little coverage of this event.

Now LTN has learned of another similar accident that happened in Florida in August, this with a Tesla Model S.

What is known for a fact based on video evidence is that on 9 August 2016, a Tesla Model S was parking in front of a gym in Lighthouse Point, Florida, and then suddenly accelerated and crashed into the front door of the business.

No one was injured during the accident, but it was a near miss since someone entered the gym through the front door, which was destroyed, just secs before the crash.

In a post on Tesla’s forum, since removed, the Model S owner described the accident: “I have owned several Model S Tesla’s and currently own 1 P85D and 1 P90D. Recently, my wife experienced a near fatal accident when she was slowly parking at her gym. The car violently exploded into full acceleration and could have easily killed people in the gym.”

According to the National Highway Traffic Safety Administration (NHTSA), there are approximately 16,000 crashes occurring each year in the US due to drivers mistaking the accelerator for the brake pedal. It is far from a rare event, but the drivers in those 2 Tesla accidents insist that the vehicles accelerated on their own.

The tech has been looking into several other claims of unintended sudden acceleration events with Tesla vehicles and we will have reports as they arrive.

In the meantime, a Tesla continue its claim that there is no defect with the car, and it is driver error: “Tesla’s cars do not accelerate without the driver instructing it to do so. In every situation where we have received a customer claim about this, the vehicle’s diagnostic logs have confirmed that the acceleration was the result of the driver pressing the accelerator pedal.”

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 207.45 23 September 2016 1.02 205.99 210.18 205.67 2,904,800
HeffX-LTN Analysis for TSLA:  Overall Short Intermediate Long
Neutral (-0.23) Bearish (-0.29) Neutral (-0.19) Neutral (-0.22)

Have a terrific weekend.

 

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

2 Responses to "Tesla’s (NASDAQ:TSLA) Continue to Crash on Their Own"

  1. Owen Iverson   September 26, 2016 at 3:51 pm

    the article just leaves out what the logs said? i guess that’s the kind of “journalism” you get from a self-proclaimed polymath. i mean come on.

    • Paul Ebeling   September 26, 2016 at 10:21 pm

      Mr. Owen, the response that came from Tesla Motors is what was reported. They are not anxious to say it was a problem with the car, that it they were owner/driver problems. Best, Paul Ebeling

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