Fatal Car Accident Causes Tesla Stock To Fall Farther.

Although car accidents are a leading cause of death in the United States, the reality is that cars are so useful and so fundamental in our everyday lives that no amount of statistical information is going to deter a large portion of the population to stop driving. To cope with this reality, some, including Tesla CEO Elon Musk, have proposed introducing self-driving cars to reduce the number of car accidents on the road, thereby making travel much safer. Even if self-driving cars are the solution, it is likely that there will be enough manual drivers that motor vehicle accidents will nevertheless be inevitable. In such a situation, it would be wise to contact an expert car accident attorney at 617-787-3700.

For most car companies, one crash would not have much effect on the company’s stock price. For Tesla and its unique self-driving model, however, even one crash is enough to raise questions surrounding the efficacy of self-driving cars. If the new design does not actually decrease the likelihood of car accidents, then consumers will be reluctant to pay a significantly higher price for a Tesla model that has this feature.

Accordingly, in March of this year, Tesla’s stock dropped 7.7%, and its unsecured bonds hit an all-time low. This came on the heels of a car crash that saw 38 year-old Wei Huang die after his Tesla collided with a highway barrier in California. Both Tesla and independent investigators are looking into the incident, particularly to determine if the auto-pilot feature was in use at the time of the auto crash. There is also some question surrounding an incident in Arizona, in which the same self-driving system failed to slow down for a pedestrian instead, killing her.

If you or a loved one has been injured as the result of a car accident, you may be entitled to significant monetary relief. Act now and contact an expert car accident attorney here at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates to discuss your potential claim. Call our Boston injury attorneys today at 617-787-3700 or email us at info@gilhoylaw.com for your free and private consultation. Your needs are our top priority!

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