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gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth.
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“Full self-driving,” as it currently stands, navigates local roads with steering, braking and acceleration, but requires a human driver prepared to take control at any moment, as the system makes judgment errors. The National Highway Traffic Safety Administration said that, based on its analysis, Tesla’s FSD feature “led to an unreasonable risk to motor vehicle safety based on insufficient adherence to traffic safety laws.” And it warned FSD could violate traffic laws at some intersections “before some drivers may intervene.”
“The FSD Beta system may allow the vehicle to act unsafe around intersections, such as traveling straight through an intersection while in a turn-only lane, entering a stop sign-controlled intersection without coming to a complete stop, or proceeding into an intersection during a steady yellow traffic signal without due caution,” said the recall notice, posted on NHTSA’s website.
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But NHTSA said in a statement that “manufacturers must initiate a recall for any repair, including a software update, that remedies an unreasonable risk to safety.” The federal agency said it will “continue to monitor the recall remedies for effectiveness.”
gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. The notice said that the problems are present with all cars with the current version of the FSD software, which is available on all four Tesla models, the Model S, Model X, Model 3 and Model Y.
It also said Tesla has identified18 reports of incidents received between May 8, 2019, and September 12, 2022, that may be related to the conditions described above. It said Tesla is not aware of any injuries or deaths caused in those incidents. NHTSA itself hasidentifiedat least 273 crashes that involved one of Tesla’s driver assist systems.
FSD is considered key to the company’s basic business plan, given the premiums that drivers pay for the features, and it’s ability to attract buyers to chose Tesla cars in the first place. Tesla and Musk have repeatedly claimed that FSD, even in its current “beta” form, is safer than cars driven solely by humans. He told investors last month that Tesla has collected data from about 100 million miles of drivers using FSD outside of highways.
“Our published data shows that improvement in safety,” he said. “It’s very clear. So we would not have released the FSD Beta if the safety statistics were not excellent.”
But other safety experts have questioned the validity of Tesla’s safety claims. There have beenhigh-profile accidentsof Tesla cars using FSD or its more rudimentary predecessor known as “Autopilot.” Some of those accidents included fatalities.
gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. NHTSA is alsoinvestigatingthat predecessor, Autopilot. That technology combines lane-keeping assist with adaptive cruise control to keep a car in a lane on a highway, as opposed to the promise of “full self-driving,” which Tesla says aims to one day be able to operate a vehicle without human supervision on a city street.
gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. While “this recall seeks to address a specific set of concerns identified by the agency,” NHTSA’s statement said that this recall does not address its earlier investigations. “Accordingly, the agency’s investigation into Tesla’s Autopilot and associated vehicle systems remains open and active.”
Last month, Tesla disclosed in the company’s annual financial report that it “has received requests from theUS Justice Department for documentsrelated to Tesla’s Autopilot and FSD features.”
gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. Musk has repeatedly predicted that the company would soon build a truly self-driving car. But it has also repeatedly pushed back its own self-imposed deadlines. Tesla owners have filed a class-action lawsuit over the predictions and missed deadlines, which is still pending.
“Mere failure to realize a long-term, aspirational goal is not fraud,” Tesla’s lawyerswrotein a November 28 court filing, asking that the suit be dismissed.
gacm technologies limited (531723) hits 52 week high ✌️【Portfolio Strategy】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Musk has said for years that the price of “full self-driving” would increase periodically as it develops and moves closer to regulatory approval. Hetweetedin May 2020 that when “full self-driving” had that approval, the feature would “probably” be worth more than “$100,000.” But as recently as a July 2021 call with investors, Musk said it was“debatable” that the feature was worththe $10,000 Tesla was charging at that time.
In September, when 【 - Free Professional Portfolio Management 】 Business spoke with 13 people who have cars with the “full self-driving” beta, the overwhelming majority, 11 people, said they felt itwasn’t worth $15,000. And it’s been the subject of controversy for years, including a recent ad that played during theSuper Bowlin a few markets.
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