An incident that seriously injured a pedestrian in San Francisco led Cruise to take all of its cars off the road. The question now is when they will return.
The London-based developer of artificial intelligence systems for self-driving vehicles raised the funding from SoftBank, Nvidia, Microsoft and others.
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
The second quarter “will be a lot better,” Elon Musk, Tesla’s chief executive, said on a conference call to discuss the company’s first-quarter results.
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