Tesla CEO Elon Musk has warned that some of his rival electric car companies could go bankrupt if the cost structure is not changed.
According to Arabiya Net, Musk indicated that pricing cars that are too high for consumers will lead to the failure of companies.
Musk's remarks coincided with a report by the US Highway Traffic Safety Administration, which showed Tesla cars had the largest number of accidents related to advanced driving assistance systems in the United States.
Tesla cars have accounted for nearly 70 percent of reported accidents involving advanced driver assistance systems since last June, according to federal figures released Wednesday. But officials cautioned that the data is incomplete and is not intended to indicate which automaker systems might be more secure.
The National Highway Traffic Safety Administration said the first-of-its-kind data does not have an appropriate context yet, and is only intended to serve as a guide to quickly identify trends of potential faults and help determine whether systems are improving vehicle safety.
"I advise caution before trying to draw conclusions based solely on the data we make," NHTSA Administrator Stephen Cliff said during media statements. In fact, data alone may raise more questions than it answers.
According to the data, Tesla cars recorded 273 accidents involving advanced driver assistance systems, as companies should have started reporting accidents about a year ago. This is among 392 accidents reported overall by 11 auto manufacturers and one supplier from June 2021 through May 15.
