News
Tesla Texas Crash: NTSB report says ‘Autosteer not available’ where crash occurred
The National Transportation Safety Board has released a preliminary report regarding the Tesla Model S crash in Texas that occurred last month. The NTSB said that testing of an exemplar car at the crash location revealed that Autosteer “was not available on that part of the road.” However, Tesla’s Traffic Aware Cruise Control “could be” engaged by the NTSB during its testing.
The crash occurred on April 17th, 2021, near Spring, Texas. Initial reports indicate that the vehicle was equipped with the capability to operate with Autopilot, Tesla’s advanced driver assistance system. However, Autopilot is not available for utilization on every public road in existence. While mainstream media reports quickly jumped to the conclusion that Autopilot was responsible for the crash after claims that the Model S was “driverless,” the NTSB and NHTSA announced that an investigation would take place to determine whether the vehicle was operating with Autopilot at the time of the crash.
NTSB findings via a security camera at the owner’s home showed that the owner entered the driver’s seat and the passenger entered the front passenger’s seat. ” The video also shows the car slowly entering the roadway and then accelerating down the road away from the camera and out of sight,” the NTSB added.
Tesla alleged “driverless” crash in Texas: What is known so far
The crash was violent, and after colliding with a tree, the Model S caught fire, and both occupants of the vehicle were killed. The vehicle fire was started upon impact with the high-voltage lithium-ion battery case, the report states. The fire destroyed the car, but it was put out in less time than was initially reported. Palmer Buck, Fire Chief for the Woodland Township Fire Department, spoke to the media regarding some reports that the fire raged on for four hours. This was false, and Chief Buck stated that it took two to three minutes for the fire to be extinguished.
However, the main concern of the wreck was whether the vehicle was operating on Autopilot or not. The NTSB tested a very similar “exemplar” vehicle of the Model S that was involved in the crash, and the agency found that it could not be activated where the accident took place.
The NTSB wrote explicitly:
“The vehicle was equipped with Autopilot, Tesla’s advanced driver assistance system. Using Autopilot requires both the Traffic Aware Cruise Control and the Autosteer systems to be engaged. 2 NTSB tests of an exemplar car at the crash location showed that Traffic Aware Cruise Control could be engaged but that Autosteer was not available on that part of the road.”
The agency could not recover several elements within the car, including the Onboard Storage Device inside the Infotainment console. However, the car’s restraint module that gives information on vehicle speed, belt status, acceleration, and airbag deployment was recovered but damaged by fire. The restraint control module was taken to the NTSB) recorder laboratory for evaluation, the report states.
The investigation continues, and the NTSB is collecting data to analyze crash dynamics, postmortem toxicology test results, seat belt use, occupant egress, and electric vehicle fires.
The NTSB added:
“All aspects of the crash remain under investigation as the NTSB determines the probable cause, with the intent of issuing safety recommendations to prevent similar crashes. The NTSB is working alongside the Harris County Texas Precinct 4 Constable’s Office, which is conducting a separate, parallel investigation. The National Highway Traffic Safety Administration and Tesla are supporting the NTSB in the investigation.”
The NTSB’s preliminary report is available below.
HWY21FH007 Preliminary Report by Joey Klender on Scribd
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Investor's Corner
SpaceX gets initial stock coverage from Tesla’s biggest bull
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
News
Tesla expands massive safety feature worldwide in latest update
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.