May publish ‘top secret Tesla masterplan part 2’ this week, tweets Elon Musk | business-news | Hindustan Times
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May publish ‘top secret Tesla masterplan part 2’ this week, tweets Elon Musk

business Updated: Jul 11, 2016 17:14 IST
Tesla

Tesla Motors Inc. CEO Elon Musk expects the deal with SolarCity will help Tesla get into the market for sustainable energy for homes and businesses.(AP file photo)

Tesla Motors Inc CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight.

The tweet comes amid inquiries into two crashes of Tesla cars, as well as ongoing questions regarding Musk’s plans to combine his electronic vehicle company, Tesla, with his solar panel maker company SolarCity Corp.

The Tesla CEO also wished scientist Nikola Tesla on his birth anniversary on Sunday.

On July 1, a driver of a Tesla Model X in Pennsylvania crashed into a turnpike. The National Highway Traffic Safety Administration (NHTSA) announced last week it is investigating the crash “to determine whether automated functions were in use at the time of the crash.”

Tesla has said, “Based on the information we have now, we have no reason to believe that Autopilot had anything to do with this accident.”

The crash came on the heels of NHTSA’s disclosure it was investigating a May 7 crash in Florida that killed the driver of a Tesla Model S that was operating in Autopilot mode.

The Tesla Autopilot system allows the car to keep itself in a lane, maintain speed and operate for a limited time without a driver doing the steering.

Last month, Tesla proposed to buy SolarCity over which Musk serves as chairperson and principal shareholder.. Musk expects the deal will help Tesla get into the market for sustainable energy for homes and businesses.

Jim Chanos of Kynikos Associates has called the proposed acquisition “shameful example of corporate governance at its worst.”