there have been 31 investigations that nhtsa has responded to or incidents that nhtsa has responded toheard from tesla not a surprise they disbanded their media relations department you can bet we'll likely hear there elon musk, likely on his favorite venue, twitter. that's what we're waiting to see, guys. >> hey, phil, is there any reason to think that other automakers should be concerned about this, too? or is there such a significant difference in what gm and others actually require in terms of checking to make sure you are paying attention >> they're different systems, becky. the auto industry will say you have the investigators that will formally come out and say, here's what works, here's what doesn't work here is a problem with the tesla auto pilot and they could come back and say, a, b, c are situations or pieces of the technology that need to be refined, worked on, et cetera. that's the significance here all automakers will be watching this closely. >> tesla shares down 1.25%. >>> coming up, the supply chain kink that will be pushing up the school supply issues mohamed elhe er

if the automaker says, no, we're not going to do that, then nhtsa goes to court to force a recall. a long ways from that happening. we still need to see exactly what happens with this formal investigation. >> phil, i think that's a great report, but it made me think are those really bad numbers i mean over a long period of time, i think it's very few. and then i question let's say drunk driver versus sober driver, how many people would a drunk driver have killed so i don't know, i mean, i think it sounds like a pretty good -- anybody gets -- crash is all bad, but that's a very few number, isn't it, phil >> it depends on how you look at it, jim. some people would look at this and say there are 31 incidents, 11 crashes in this investigation. 31 altogether that nhtsa has acknowledged so the question becomes are those the only ones that we know about? and the other question becomes is the technology being marketed and sold to the public in a fashion that makes them think their vehicle is completely self-driving because it's not it is not self-driving technology, and so that's the quest

nhtsa out with a statement today. nhtsa reminds the public that no commercially available motor vehicles today are capable of driving themselves every available vehicle requires a human driver to be in control at all times, and all state laws hold human drivers responsible for operation of their vehicles. for elon musk, he has been defending autopilot for some time critics have said, look, this is a system that tells people they can fall asleep, take hands off the wheel, do everything but pay attention. tesla is explicit in its language to drivers, saying, you must be in control of the vehicle. you must pay attention that said, a lot of people sit there and say, look, the system sort of suggestions that you don't have to pay attention. so that's one of the questions that will have to be answered. model 3 and model y, they have cameras so they can monitor the driver and then alert the driver if they are not paying attention or if they do something crazy or stupid where they're looking away for an extended period of tim

the nhtsa says most of them happened at night. and all involved tesla's whose self driving systems had been activated. >>> viacom cbs is selling its landmark new york city headquarters. the 38 story building's official name is the cbs building. but it is widely known as black rock. it is the only skyscraper designed by architect aero ceren and. the finish american behind several high profile project including the gateway arch in st. louis. harbor group international is paying $760 million for black rock the deal is expected to close by the end of this year. >>> that is your cbs money watch report. for more, had to cbs money watch.com. >>> at the new york stock exchange, i am elyse preston. >>> a lot of bay area businesses are on edge, worried about a short-lived recovery. two months after the state's big reopening, the hospitality industry is starting to see fewer bookings and more cancellations as kpix 5's andreano econo reports, some people are having second thoughts about the travel plans. >> it is hard. it is hard. it is no fu

they think they're millions of big businesses and sort of like nhtsa small business but is actually the reverse. with summer between ten and 15,000 large businesses in the country and before covid we had 30.2 million small businesses, six made of which had employees, and it accounted for about half the gdp and about half the employment of this country. so it really is a very significant part of the economy overall, and also just an important path for economic freedom. if you think about the path for wealth creation, wealth creation comes with ownership. and so small business enables anybody and where people from all overe the globe who like to come to try to pursue that economic freedom, pursue that wealth creation or in some cases just other j kinds of freedom, flexibility to do what they want or to pursue a passion or whatnot. so preserving that opportunity and the centralization that comes along with small business looks a lot more like free-market capitalism then the big businesses do. but when i tell you everyone says how important small business is and we do not have enough people

the police or other first respond vehicle on the side of the road there have been 11 incidents where nhtsa determined auto pilot or traffic aware cruise control were being used and may have been a factor now they're going to figure out whether there is a safety defect in tesla's auto pilot. >> so, laura, if it does lead to a recall, which could be the eventual outcome, correct, do you think it would be a software recall like the one we saw in china, called a soft recall because they didn't have to go in and tesla shares largely shrugged off the recall. >> that is what happened in china. that was the massive auto pilot safety recall that affected hundreds of thousands of vehicles but done through over the air software updates that may be a possibility here one difference is that the recall goes back to all the sxy 3 vehicles from 2014 on and some of those have different hardware, recently tesla removed radar from its vehicles, these radar sensors that are part of auto pilot and it is more of an fsd level 2 system it is not clear how many updates could be delivered through over the air softw

most of the teslas hitting first responder vehicles when it was dark, nhtsa looking at whether flashingve as some kind of magnet to the cars. are you concerned? >> well, absolutely, look, we've been concerned about these systems in tesla, "consumer reports" for years. >> reporter: elon musk has long defended the use of autopilot in his cars. in april tweeting, tesla with autopilot engaged now approaching 10 times lower chance of accident than average vehicle. one of the biggest misconceptions friedman says is that cars with autopilot are not meant to drive themselves. >> when you turn that autopilot on, that doesn't mean you have to turn your human brain off. >> absolutely. when you're driving, you're driving. there is no car out on the road, no tesla, no other automaker's car that drives itself. >> reporter: and that is important to remember. and tesla has not responded to our request for comment. meanwhile, the national transportation safety board applauds this investigation and says that standards should be developed to make sure that autopilot is being used correctly. robin. >> say

. >>> tesla shares having a rough week after the nhtsa announced a look into operations buttoday is ait loop and jordan johnson, ceo and founder. i talked about this interview. gene is channelling donald rumsfeld who says there are things you know. things you don't know and things you don't know you don't know. i got to start with this and then i'm going to go hide. this is how you start. this is unbelievable and get ready for some e-mails i'm going to give out your address. the last five tesla days were littered with false promises that never came true and in many cases outright lies and deception and then you go over the history. can you talk about your premise there and some of those days that back up what i just said. >> yes, thanks for having me on. my question is why should we believe anything that will be said at ai day when all the prior days were complete fabrication. battery day, they introduced the cell structure no battery introduced. they said they'd introduce a 500 battery cell and the semi-introduced in 2017 and the cyber truck which they've recently delayed a lot of pro

the national highway traffic safety administration or nhtsa is looking at eleven crash incidents, involvingh incidents resulted, by the way, in 17 user and one fatality. most incidents, by the way, took place after dark, where the tesla autopilot features were engaged while approaching stopped emergency vehicles, where there were flashing flare. >>> yesterday was another set of record highs for the stock market overall, by the way. the s&p 500 has now doubled in value since the covid pandemic lows last march. it took just 354 trading days to hit that milestone, which makes it the fastest doubling off of a bottom in a bull market since world war ii. and just on context, on average, it takes over a thousand day for that kind of thing to happen. and it was the 49th record close of the year for the s&p 500. and we'll finally end on u.s. health authorities. they are expected to recommend covid-19 booster shots for americans eight months after receiving their second dose of the pfizer or moderna vaccines, according to multiple published reports. an official announcement could come as early as thi