Tesla Inc. (TSLA) shares took a hit Monday following reports that a Minnesota man crashed his car while engaged in the vehicle's "autopilot" semi-autonomous feature. However, according to a letter from the man released by the company, the car's autopilot system was not to blame for the crash.
The man and his four passengers escaped the crash with minor injuries, but the car "suddenly accelerated" and overturned in the marsh while autopilot was engaged, the Kandiyohi County Sheriff's Office said in a statement.
However, the driver contradicts that account, saying that he believes the autopilot feature was disengaged at the time of the crash.
The damage was already done, however, and Tesla shares were still down 2.75% to $318.76 in afternoon trading Monday.
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In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.
The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .