NEW YORK (TheStreet) -- Shares of Tesla Motors (TSLA) - Get Report were up in early morning trading on Friday after the electric vehicle maker said that a recent crash of one of its cars in Germany was not caused by the company's controversial autopilot feature, Reuters reports.
On Wednesday in Ratzeburg, Germany, a driver in a Tesla vehicle collided with a bus. The car's driver suffered minor injuries in the crash and no one on the bus was injured.
Although the driver said he was using Tesla's autopilot feature when the accident occurred, Tesla said his use of the system was "unrelated" to the accident.
The Palo Alto-based company said that the crash was unavoidable because the bus swerved into the driver's lane, and that "Autopilot was functioning properly" at the time, Reuters added, citing a company spokesperson.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D+.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: TSLA