Tesla In-Car Game Play Probe Closed By NHTSA — Agency Can Still Take Action If…
Portfolio Pulse from Anan Ashraf
The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into Tesla's Passenger Play feature, which allowed occupants to play games while the vehicle was in motion. Tesla removed the feature in December 2022, resolving ongoing concerns. The closing of the investigation does not constitute a finding of no safety-related defect, and the agency can still take action if necessary.
May 31, 2023 | 3:04 am
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NEUTRAL IMPACT
NHTSA has closed its investigation into Tesla's Passenger Play feature after the company removed it, but the agency can still take action if safety-related defects are found.
The closing of the investigation is a positive development for Tesla, as it shows that the company has addressed the NHTSA's concerns by removing the Passenger Play feature. However, the fact that the agency can still take action if safety-related defects are found means that there is still some uncertainty surrounding the issue. Overall, the impact on Tesla's stock price is likely to be neutral in the short term, as the positive and negative aspects of the news balance each other out.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100