US Opens Probe Into 280,000 New Tesla Vehicles Over Loss Of Steering Control, Power Steering
Portfolio Pulse from Charles Gross
The US government has opened an investigation into 280,000 new Tesla vehicles over potential loss of steering control and power steering. This could potentially lead to recalls and damage Tesla's reputation.
August 01, 2023 | 11:55 am
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Tesla is under investigation by the US government over potential steering control issues in 280,000 vehicles. This could lead to recalls and harm the company's reputation.
The news of a government investigation into potential safety issues with Tesla's vehicles could negatively impact the company's stock price in the short term. If the investigation leads to recalls, it could result in significant costs for Tesla and damage its reputation, which could further depress the stock price.
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IMPORTANCE 80
RELEVANCE 100