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Tesla crash leaves two dead in China

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tesla crash

Tesla crash in China leaves two dead as safety concerns grow

Two people have been killed and several others injured after a Tesla lost control and subsequently crashed in China.

Reports suggest the crash was a result of a software failure. As a result, the EV maker has now confirmed it will launch its own investigation.

Video footage of the incident shows the vehicle speeding through China’s southern province of Guangdong. Moments later, it struck and killed both a motorcyclist and a high school girl.

The Model Y pulled out in front of a store before speeding down a road without braking for more than a kilometre and a half until it swerved and crashed.

Police are currently working to identify the truth behind this accident and Tesla says it will “actively provide any necessary assistance.”

“Police are currently seeking a third party appraisal agency to identify the truth behind this accident and we will actively provide any necessary assistance.”

China is the EV maker’s second-largest market, with the crash dominating news headlines around the country on Sunday.

Tesla CEO, Elon Musk, has previously touted the Autopilot’s function as being “probably better” than a human driver.

 

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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