Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

South Korea investigates fatal crash of Tesla Model X

Published 12/10/2020, 02:06 AM
Updated 12/10/2020, 02:10 AM
© Reuters.

SEOUL (Reuters) - South Korean police are examining a Tesla (NASDAQ:TSLA) Inc electric car after its driver told police it went out of control and crashed into a wall killing a passenger and injuring two other people.

The Model X smashed into the wall and caught fire in the parking lot of a Seoul apartment building late on Wednesday, police said. It took about an hour to put out the fire.

South Korea's forensic agency would investigate the car to identify the cause of the accident, police said.

Tesla was not immediately available for comment.

In January, the U.S. National Highway Traffic Safety Administration (NHTSA) said it will review a petition asking the agency to formally investigate and recall 500,000 Tesla vehicles over sudden unintended acceleration reports.

The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said.

Tesla sold 11,601 cars in South Korea from January to November, sharply up from last year's 2,430 sales, according to CarIsYou Data Research Institute.

The U.S. electric car maker is also under investigation by South Korea's transport ministry over its autopilot functions, the ministry said earlier this year.

Latest comments

Briefly Let me explaning that news.The accident place is car holder parking place at APT. Driver reported to police suddenly unintended acceleration and hit the wall. He was injured caused trying to cut fire with security but the lawer died who is car holder and seat next. The firework could not open door from outside no butten on door this model. The took a from back side. But.. unforunately too late. And the EV car egine battery easliy got fired. Korea police investigating. And the lawer is real friend with present korea top the Public Prosecutor General. He went to his funeral.
rrrignt.. because no one EVER dies in a Hyundai.. got it.
Teslas in flames whats new?
If only the NHTSA moved as fast as everyone who has been shorting this stock. Either the reports of uncontrolled acceleration are lies or it has been a huge coverup. Which one do you think?
Source : “Reuters”. “Lets find out
No one answer.. Can be effect for the stock? Um...
of course its effect to stock price, investor have strong belief on telsa , this news can break investor optimism
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.