Model 3 Production at 500 Cars/Day: Musk Email

Morgan Stanley automotive analyst Adam Jonas, one of Teslas biggest bulls, has dropped his price target for Elon Musk's electric auto company from $376 to $291, below the company's trading price at the close of market on Monday.

Tesla's autopilot feature has come under scrutiny in recent times following three fatal accidents that occurred while it was being used.

Among accidents to make headlines was a fiery March 23 crash in California that involved its "Autopilot" feature. "And (the Tesla driver) could be facing a citation for failing to maintain control of her vehicle".

Police in the Salt Lake City suburb of South Jordan said Monday the driver also said in an interview that she was looking at her phone before the accident.

Tesla said it was working to gather all the facts about the Swiss case and was fully cooperating with the local authorities.

The driver hit a fire truck going 60 miles per hour and only suffered a broken ankle.

"That's why we made so many steps to improve this process over time", - said Tesla.

Sessegnon inspires Fulham to play-off final
Defeat condemns Derby to a third play-off semi-final defeat in five years and an 11th successive campaign in the second tier. We always knew if we were to keep going we'd get the first goal and thankfully I did.


However, the Swiss crash is one of several accidents in Tesla vehicles recently and one of several involving fires.

Currently, Tesla has around 500,000 preorders for its more affordable model 3, its first mass-market electric vehicle. The National Transportation Safety Board (NTSB) is conducting an investigation, but this doesn't look good for Tesla's Autopilot system.

On a May 2 earnings call, Musk said Tesla would conduct "a reorganization restructuring" this month, without providing more details. We've explored many technologies and opted for the combination of a hands-on-wheel torsion sensor with visual and audio alerts, and we will of course continue to evaluate new technologies as we evolve the Tesla fleet over time.

Tesla is also starting to roll out automatic high-beams as standard equipment on Model 3s.

Last week the agency opened a probe of a Model S that caught fire after crashing into a wall in Florida.

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

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