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Deadly Crash Near California

Five People Die in California Crash

Sadly five people have passed away. Two women and three children have died after the car they were in plunged about 100 feet off of a cliff. This happened along the Norther California’s scenic Pacific Coast Highway.

Police said that the woman, was thirty-nine years old, Jennifer Jean Hart was the driver. The passenger was also a thirty-nine year old woman, Sarah Margaret Hart. The names of the children involved haven’t been released at this time. The relationship between all of those involved are unknown at this time.

One of the spokesperson for the California Highway Patrol said that a 2003 GMC SUV was travelling south on Highway 1 when it pulled into a dirt turnout. Then, for whatever reason the GMC continued directly off the cliff, which was around a 100 ft drop.

The vehicle landed on its roof, which sadly killed all 5 people inside of the SUV. Tragically all three of the children were thrown from the SUV.

According to later reports, the two women had a total of 6 children and had just recently moved to Woodland, Washington. The Cowlitz County Sheriff’s Office confirmed that CPS went to the house after two people called them and was worried about the children.

Children Injured in Crash

Neighbors in the Woodland area told local news that they suspected abuse. One of the neighbors even said that he saw the family leave pretty quickly on Friday, having all six kids with them. This was after CPS arrived and left because no one answered the door.

The authorities do not know where the other three kids are at this time.

According to research, Sarah Hart was actually convicted of domestic assault in Minnesota in 2011.

The woman who owns a house near the crash site told local news that the crash seemed weird to her, due to the turnoff being so large.

Firefighters had to rappel down the cliff to retrieve the bodies, then a helicopter was called to lift them up. The autopsies will be performed.

Tesla Crash Causes Investigations

There was a fatal crash and vehicle fire which included a Tesla Inc Model X which was near Mountain View, California. The crash happened just last week and has started a major federal field investigation. This investigation lead to a big selloff in Tesla stock. I’m sure the Tesla team is working hard to find out what happened.

Tesla tumbled around 8.2 percent which is the lowest close in almost a year.

Tesla will suffer since its credit rating went from a B3 to a B2. According to Moody Investors the ratings, “reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” The company will now face liquidity pressure after the large negative free cash flow. Not long after trading Tesla shares fell another 2.6 percent.

Tesla

According to financial studies, Tesla has around $230 million in convertible bonds that will mature in the fall of this year. They also have $920 million which will mature in March 2019.

Moody’s Statement:

Tesla’s negative reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.

Moody’s also said that Tesla will be targeting weekly production of 2,500 Model 3 vehicles by the end of March and around 5,000 per week by the end of June. Which seems like a lot but really isn’t since last year they were expecting to make 10,000 per week by the end of 2018. Tesla will provide an update on the Model 3 production as soon as they can.

Tesla Crash

During the accident last week it’s unclear if Tesla’s automated control system was actually driving the car incidentally. The accident involved two other vehicles. Tesla vehicles have a system called “Autopilot” which handles some of the driving tasks. The thirty-eight year old Tesla driver sadly died at a nearby hospital not long after the crash.

Tesla made a blog post addressing the incident:

 

Daniel A. Gibalevich
Law Offices of Daniel A. Gibalevich
https://www.epersonalinjurylawyers.com

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