Tesla's Investors Are Tired Of Full Self-Driving Lies

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When investors get upset, you've got some serious problems.

Taylor Ogan is the CEO of Snow Bull Capital, which, according to its website, is a green-biased and high-technology hedge fund. Ogan also owns shares in Tesla, but that does not mean he worships at the altar of the almighty Musk. Ogan does the exact opposite, in fact, and speaks out against the company in which he holds shares. It seems Ogan got fed up with the lack of reporting around Full Self-Driving Beta (FSDB) crashes, so he took to Twitter to set the record straight.

Ogan didn't just complain without going his research, however, and investigated all of the National Highway Traffic Safety Administration (NHTSA) complaints about FSDB crashes and discovered that Tesla failed to report at least one case to the NHTSA.

Currently, the NHTSA kindly asked all automotive manufacturers with Level 2, 3, and 4 autonomous systems to report crashes.

YouTube 2020-2022 Tesla Model Y Frontal Aspect Tesla 2020-2022 Tesla Model Y Driving Back View Tesla 2020-2022 Tesla Model Y Side View Tesla
2020-2022 Tesla Model Y Frontal Aspect
2020-2022 Tesla Model Y Driving Back View
2020-2022 Tesla Model Y Side View

Tesla's self-driving tech is classified as Level 2, no matter what the fanboys would have you believe. The driver's hands still need to be on the steering wheel. Tesla crashes are now such a concern that the Feds launched an investigation into all models, including the top-selling Model Y.

Ogan worked closely with Auto Evolution and supplied it with information on how frequently FSDB crashes occur. Auto Evolution quickly identified one significant crash in Collettsville, North Carolina. Unlike other FSDB crashes, this particular one can not be found on the NHTSA's website or in Standing General Order data.

The recorded complaint states that the Tesla veered off the road and ran 500 yards next to the tarmac before deploying the side airbags. The resulting cost of the damage is somewhere between $28,000 and $30,000.

Twitter/Culver City Firefighters Martin Grefte via Twitter Martin Grefte via Twitter

The unreported case allegedly happened before the incident mentioned above. It took place on 24 October 2021 in Houston. The driver of the car pointed out that he was driving on a piece of the road the Tesla had completed before. On this occasion, the vehicle jumped the curb, damaging the wheel, tire, and bumper.

Ogan also noticed that Tesla only sent telematics information to the NHTSA for 91.2% of recorded crashes. The missing 25 crashes came to the NHTSA's attention via complaints, media reports, or law enforcement. Of these 25 crashes, five involved deaths.

Ogan's claims have yet to be verified, but if his claims turn out to be accurate, they could have dire results for Tesla.

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Source Credits: AutoEvolution

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