Tesla offers Musk a $1 trillion stock-based compensation plan
Tesla’s board proposed a $1 trillion equity-based pay plan for Elon Musk, the biggest CEO in history, in the ongoing legal battle over past pay.
Two U.S. senators urged motor vehicle safety regulators on Monday to investigate reported failures in Tesla’s fully automated driving system to detect and respond safely, citing the risk of a “catastrophic” collision.
Tesla on its website allows the system to drive residents “almost anywhere” and handle everything from route navigation to lane changes, steering and parking, but requires supervision by a human driver.
Democrats Ed Markey and Richard Blumental said the number of reported nearby collisions is on the rise in the request for an investigation by the National Highway Traffic Safety Administration.
“Miscalculations at train intersections can lead to catastrophic, multi-farming conflicts involving carriage residents, train passengers and railroad workers,” the senator wrote in a letter open to the public.
The impact of such errors far outweighs dangerous mistakes, such as missing traffic signs or changing illegal lanes.
Tesla Tsla.o did not respond to requests for comment.
In a statement, the regulators said they had received the letter and were gathering information about such cases.
The Tesla system provides support for drivers in steering, braking and acceleration control in certain situations, but added that drivers must always maintain operational control.
Tesla’s fully automated driving system is ahead of its autopilot system and is already under investigation by the NHTSA.
In October 2024, the agency began investigating 2.4 million Tesla vehicles equipped with FSDs after reporting four collisions under reduced road visibility conditions, including sun glare, fog and air dust, including the fatal 2023 crash.
The senator urged the NHTSA to consider curbs regarding the use of Tesla’s system.
“Admins need to consider clear and obvious actions to protect the public, such as limiting Tesla’s FSD to roads and weather conditions designed to be designed,” they said.
Other vehicle features on Telsa are also under scrutiny from agents.
In January, it began investigating 2.6 million Tesla vehicles on crash reports, including the ability for users to move their cars remotely.
The NHTSA also launched Tesla’s autonomous robotaxixis deployment in Austin, Texas in June, and in an email on July 1st, they wanted to know if Tesla employees could drive vehicles remotely.
Reported by David Shepardson. Edited by Leslie Adler and Clarence Fernandez
