Tesla, Self-Driving and Expanded U.S. Probe
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Tesla stock sinks as US regulators deepen FSD investigation
Tesla stock fell about 3% at the open. Road safety regulators expanded an investigation into alleged issues with the cameras that operate as part of Tesla's self-driving systems.
Tesla rose as broader markets gained amid Iran war developments. Analysts cite strong margins and EV demand tailwinds from high fuel prices. Competition in autonomous driving is intensifying from Nvidia and automakers.
Tesla Inc TSLA and SpaceX have already merged in everything but name, according to a new analysis from Sherwood News, the financial media outlet spun out of Robinhood Markets Inc HOOD. The piece, published today,
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is slipping 3% in Thursday trading, with shares hovering around $382 as of midday. That puts TSLA down 15% year-to-date from its $449.72 close on December 31.
We think there are several concerns to consider in TSLA stock because of its overall Weak operational performance and financial situation.
Tesla sells cars -- and the auto industry is notoriously cyclical. But Tesla's structure and long-term strategy may give it more resilience than its peers.
In the past 30 days around 8.5 million Tesla shares have been shorted, according to S3 Partners.
Shares of Tesla came under pressure on Thursday as US safety regulators escalated scrutiny of the company’s driver-assistance technology. At the time of writing, the Tesla stock