On Aug. 18, lawmakers asked the Federal Trade Commission to probe claims made by Musk. They say he is misrepresenting progress. And are indicating Tesla drivers may be in danger due to FSD.
Tesla’s level 2 driver assistance software or FSD is supposed to have an attentive driver. But levels 4 and 5 use artificial intelligence to eliminate the driver. The National Highway Traffic Safety Administration is developing protocols for FSD with the Society of Automotive Engineers. LF-driving capabilities have been under regulatory scrutiny.
With the activity, Tesla stock fell slightly. Shares fell 1.4% to 701.16 on the stock market on Wednesday.
Stocks were also down among other U.S. electric vehicle automakers. General Motors (GM) and Ford (F) lost just over 2%. Luxury EV maker Lucid Motors (LCID) fell 1.5%.
