Tesla that smashed into fire authority truck was on Autopilot, driver claims

Elon Musk berates music streaming platforms for “crazy low payouts”

Tesla Inc. shares declined in afternoon trading Tuesday after a report that the company is preparing to halt its main automotive production line for a third time this year.

Tesla did not immediately respond to a request for comment. Now, Morgan Stanley analyst Adam Jonas has launched a missile at Tesla over issues with the sedan, versions of which are eventually to sell for $35,000.

Amid the manufacturing problems, senior Tesla executives have departed or cut back work.

"It is unfortunate that Tesla, by its actions, did not abide by the party agreement", Sumwalt said.

Tesla is ramping up production of its all-important small vehicle. Now, Musk has said in the email to the Tesla staff that it was "flattening the management structure to improve communication", and cutting activities that are not "not vital to the success of our mission".

Two sources who spoke with Reuters said that Model 3 production will cease as of May 26th, 2018 and resume on May 31st, 2018.

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

And despite the company's claims that it would not need to raise money, Jonas raised his estimate for Tesla's capital raising to US$3 billion from previous US$2.5 billion, which he continues to expect in the third quarter of this year.

More news: Amazon makes vague threat after Seattle passes new "head tax"

As a reminder for drivers of semi-autonomous vehicles, it is the driver's responsibility to stayalert, drive safely, and be in control of the vehicle at all times.

"This is false", Musk wrote. During October, 2017, Musk tweeted that the company was in "production hell" as it tried to streamline Model 3 production.

The American electric auto maker's enigmatic owner, Elon Musk, this week revealed via twitter that the electric up-start would start production of the all-wheel drive, dual motor Model 3.

Tesla said it was "deeply saddened" by the accident and was working with local authorities to establish the cause. [L5N1SL7R8] It was the latest accident involving a Tesla.

Although the Model S can be driven autonomously, it remains unclear whether the car's autopilot feature was turned on at the time of the crash.

The 28-year-old female driver of the vehicle told police in suburban Salt Lake City that the system was switched on and that she had been looking at her phone before the Friday evening crash.

The National Transportation Safety Board said it was not investigating the Utah crash. The vehicle appeared not to brake before impact, police said.

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