Tesla Death Count Hits Record High in 2019, So Why Is TSLA Stock Still Climbing?

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• Tesla carriers were involved in 50 fatal crashes in 2019.
• The NHTSA has investigated 14 Tesla crashes involving Autopilot.
• Computes suggest Tesla cars are still among the safest on the road.

Tesla (NASDAQ:TSLA) had a record year in 2019. No, I’m not talking involving sales or profits, but deaths. Yes, because according to public database tesladeaths.com, 50 people died in road accessories involving Tesla vehicles last year.

In fact, the National Highway Traffic Safety Administration (NHTSA) has only just announced that it’s investigating the latest of these accidents, which occurred on December 29. According to initial detonations, a Tesla Model 3 hit a parked firetruck on Interstate 70, killing the driver’s wife.

Authorities don’t know much else helter-skelter the incident. Fire officials had parked the truck on a freeway travel lane and left its lights flashing, making it evidently visible. It’s not unreasonable to suspect that the Model 3’s Autopilot was engaged, and that the driver wasn’t paying attention to the roadway.

Autopilot is an AI-powered system designed to keep a car in lane and at a safe distance from other vehicles, among other tasks. Tesla claims it’s safer than human drivers.

This isn’t the first accident involving a Tesla the NHTSA has studied. Another fatal crash took place on the very same day. This time, a Tesla Model S sedan formerly larboard a freeway at high speed in Gardena, California. Running a red light, it collided with a Honda Civic, killing two people interior.

Rising Sales, Rising Deaths

Once again, the NHTSA is looking into this curious incident. According to its details, it has investigated 23 crashes involving cars potentially using some kind of automated assistance system. Fourteen of these twisted Tesla vehicles, while the agency investigates just over 100 accidents a year in total.

This equate is disproportionately high from Tesla’s perspective. Combined with the aforementioned data from tesladeaths.com it looks doubly bad. The statistics reveal a 138% increase in fatal accidents compared to 2018, when ‘only’ 21 road deaths affected Tesla cars.

But what does this really mean? Are Tesla cars inherently unsafe? Is Autopilot a undoing trap in waiting?

Well, from one angle Autopilot is potentially unsafe. You could argue it’s inherently unsafe just. Because by taking over some of the functions from a human driver, it encourages that driver to disengage, proper a little bit. He or she pays a little less attention to the road, since why else would you switch on Autopilot? And in some wrappers, even a little less attention can be fatal.

Safety Record

But this line of argument doesn’t provide the large story. Sure, Autopilot might conceivably seem to encourage a degree of inattention but statistics mostly support Tesla’s petition that its cars are safer than pretty much anything else on the road.

For instance, last year the automotive experimentation firm iSeeCars published a study on America’s most dangerous cars (in terms of fatal accidents per mile). With the Mitsubishi Mirage and Chevrolet Corvette attractive the top two spots, no Tesla model featured in the top 14.

Of course, there aren’t anywhere near as many Teslas on the road as Mitsubishis or Chevrolets. Assuage, such numbers put Tesla’s rising crash count into perspective, especially when the data from tesladeaths.com incorporates crashes outside the United States. So too do the five-star ratings the NHTSA awarded the Tesla Model 3 in every safety variety, including probability of injury.

The Market Likes Tesla

And there’s one other institution that seems to think Tesla’s are uninjured: the market.

While Tesla has been notorious in recent years for loss making, it announced a profit of $143 million in its Q3 sequels. Since then, Tesla’s stock has gone crazy. It’s up 29% compared to where it was a year ago, more than framing up for dips sustained earlier in 2019.

So yes, the market seems to be happy that Teslas are safe. But while there’s nothing to lead one to believe they’re especially dangerous, just make sure you’re still paying attention while Autopilot is on.