2 Apple Self-Driving Cars Said To Be Involved In Accidents Last Month

Comments
Loading...

Two of Apple Inc.’s AAPL self-driving cars were involved in minor collisions in August, according to a report by MacRumors that cited data from the California Department of Motor Vehicles.

What Happened: The first accident took place in San Diego on Aug. 19 when an Apple Lexus RX 450h vehicle was stopped in traffic and was hit by a Hyundai, as per the report.

See Also: How To Buy Apple Stock

A second collision reportedly occurred on Aug. 23 in Cupertino. A vehicle with Apple's self-driving equipment was also stopped in traffic when it was rear-ended by a Subaru Outback.

Both the Apple self-driving vehicles were in manual mode during the accidents and neither collision was due to the fault of the Apple vehicle or the person operating the vehicle, the report noted.

Why It Matters: The two collisions in August mark the first time that Apple self-driving vehicles were involved in an accident since September 2019.

The higher number of accidents also comes after it was reported in August that Apple has expanded its self-driving car fleet in California. The data gathered from the self-driving fleet could help the tech giant’s Apple Car project.

Companies working on self-driving technology see increased spotlight related to accidents, and major controversies have erupted over accidents involving Tesla Inc. TSLA and Nio Inc. NIO vehicles.

Price Action: Apple shares closed 0.5% higher in Wednesday’s trading at $152.51.

See Also: Apple Said To Ban 'Pay Equity' Slack Channel Amid Growing Internal Discord

Overview Rating:
Good
75%
Technicals Analysis
100
0100
Financials Analysis
60
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!