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Tesla (TSLA) Fatal Autopilot Crash a 'Non-Event' for the Stock - Chowdhry

July 1, 2016 9:38 AM EDT
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Price: $175.79 -2.25%

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Tesla (NASDAQ: TSLA) analyst Trip Chowdhry from Global Equities Research called the fatal autopilot crash a "non-event" from a stock perspective.

Chowdhry highlighted:

  • Tesla has accumulated more at 100 million miles on Auto-Pilot, and is now doing 1.0 million miles every 10 hours;
    • This is an order of magnitude more than Google driverless cars, which have so far accumulated only 1.5 million miles since its inception
  • Tesla’s Autopilot program is deployed on over 70,000 privately owned Tesla vehicles
  • Tesla vehicles with self-driving hardware have driven 780 million miles since Oct, 2014, out of which 100 million miles are driven with Auto Pilot being active
  • Tesla cars driven on autopilot mode tend to tightly adhere to the road lanes as opposed to manual driving


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