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Tesla's Electric Semi Has Its First Fatal Crash

Tesla’s Semi has suffered its first known fatal crash, raising fresh safety and execution concerns just as the electric truck enters regular production. According to Nevada authorities, the 10-ton Semi struck a vintage Volkswagen Beetle at an intersection in Dayton, Nevada, killing both Beetle occupants while the Tesla driver was unharmed. Investigators have not yet determined the cause, though a sheriff’s Facebook post said preliminary statements suggested the Semi driver may have fallen asleep. The crash closed part of U.S. 50 for about two hours and occurred roughly 30 miles from Tesla’s Nevada Gigafactory, where the Semi is built. The incident could weigh on sentiment around Tesla’s commercial vehicle expansion, especially given the company’s pitch that the Semi offers advanced safety features and long-range hauling capabilities. Investors may also focus on Tesla’s quarterly release expected July 2 for any update on Semi sales or production progress.

Category

Tesla

Sentiment

Bearish

Event

Security incident

Reading time

1 min