Self-driving cars

Tesla stock dives following fatal crash report

Close-up photo of Tesla logo on a red car.
A logo of Tesla car. Photo: Artur Widak/NurPhoto via Getty Images

Tesla's stock price dropped nearly 8% to $211 at market close on Friday, its lowest point since December 2016, after an investigation found the electric auto maker's Autopilot tech had been engaged during a recent fatal crash.

Why it matters: The preliminary report from the National Transportation Safety Board came out amid a warning to employees from CEO Elon Musk that the $2 billion Tesla just raised would only last 10 months unless Tesla significantly reduces its spending.

Go deeper: Read the full email from Musk to employees.

Self-driving cars need to be better mind readers

Illustration of a Rorschach test in the shape of a car
Illustration: Sarah Grillo/Axios

Self-driving cars can be programmed to stay in their lane and obey speed limits. What they lack is human intuition — the ability to know what's going on inside someone else's head.

Why it matters: Autonomous vehicles are getting closer to reality but if they're ever going to drive better than people they need to learn how to share the road with other cars, pedestrians and cyclists. Turning them into social creatures with human instincts is arguably the biggest roadblock to autonomy.