Tesla is higher by 2.14% after a driver walked back his claim that autopilot was at fault for his crash into a Minnesota marsh.
On Saturday, a Tesla Model S flipped onto its roof in a marsh outside of Willmar, Minnesota, causing minor injuries to the passengers.
The driver initially claimed his Tesla’s autopilot feature was responsible for the crash. He said the autopilot “suddenly accelerated, causing the car to leave the roadway and overturn,” according to Paul Walsh of the Minneapolis Star Tribune.
The driver has since reversed his statement, claiming he was instead at fault for the crash.
“I did not intend to put the blame Tesla or the auto pilot system as I am aware that I need to be in control of the vehicle regardless if the auto pilot system is engaged or not,” the driver said in an email to the local sheriff’s department that was released by Tesla.
The crash remains under investigation, according to the Minneapolis Star Tribune.
Tesla’s stock price dropped on Monday after CEO Elon Musk said his company’s stock was overvalued and initial reports of the crash said autopilot could be to blame.
Tesla shares are up 52.13% this year.
- Markets Insider