Tesla Model S Burns Causing Stock Price Jitters

After photos were published of a Tesla Model S in Washington state burning following a collision, with a subsequent 9.1% dip in the price of Tesla stock, the company issued a statement. The car, “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle,” the EV startup said. For the day, Tesla shares fell 6.2 percent, or $12.05, to close at $180.95 in New York trading on Wednesday. The decline was biggest one day drop in Tesla’s stock price since July 16. Analysts attributed the steep decline on their opinion that the stock was already overvalued, making it susceptible to any bad news.

Read more
  • Inside Looking Out All that is BS. Nissan just tries to buy time. By 2028 every Tesla will have fusion reactor under the hood. Commercial fusion reactor is under development as we speak 5 miles away from my home in Sandia labs in Livermore.
  • Lou_BC For some odd reason my new truck is more of a pain when it comes to incoming texts. I need data activated on phone and have it plugged into truck with Android Auto on. It doesn't work well with poor internet wireless access.The old Ford Sync system of 2010 vintage would play the text via a robotic voice and not allow a reply unless stopped. It was much more seamless and easier to work.
  • 28-Cars-Later Isn't that the Cayenne?
  • Kendahl I will look at my phone long enough to determine whether the caller is someone I really should talk to. If it is, I keep driving until I find a safe place to pull over before answering. If it isn't, to hell with them.I am greatly annoyed by people who sit at green traffic lights or drive well below the speed limit because they are focused on their phones instead of their driving. However, I don't express my frustration because (1) they don't think they're being inconsiderate and (2) may retaliate with road rage.
  • VoGhost What to name a car for people insecure about the size of their 'manhood'? Magnum. What do name a car for people insecure about their orientation? STR8. Nobody -- and I mean nobody -- knows their customer base like FCA/Stellantis.