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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

U.S. report says Tesla driver speeding in fatal Autopilot crash

Reuters
The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. REUTERS/Alexandria Sage/Files (Reuters)

WASHINGTON (Reuters) - A driver killed on May 7 in a crash in a Tesla using the car's Autopilot software was speeding, the U.S. National Transportation Safety Board said on Tuesday in its preliminary findings. The preliminary report said the Model S was traveling at 74 miles per hour in a 65 mph zone at the time it struck a semi-truck hauling blueberries near Williston, Florida. The report said the NTSB confirmed the Model S driver was using the advanced driver assistance features Traffic-Aware Cruise Control and Autosteer lane-keeping assistance at the time. The NTSB has not yet determined the probable cause for the crash. (Reporting by David Shepardson; Editing by James Dalgleish)