What's Going On With Tesla Stock?
Portfolio Pulse from Erica Kollmann
Tesla, Inc. (NASDAQ:TSLA) shares are trading lower amid overall market weakness and a downgrade of U.S. Treasuries by Fitch. The National Highway Traffic Safety Administration (NHTSA) has also opened an investigation into Tesla over steering control issues in the 2023 Model 3 sedan and Model Y crossover utility vehicles. Tesla shares are currently trading down by 2.67% at $254.11.
August 04, 2023 | 11:46 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla's stock is trading lower due to overall market weakness, a downgrade of U.S. Treasuries by Fitch, and an NHTSA investigation into steering control issues.
The overall market weakness and Fitch's downgrade of U.S. Treasuries are negatively impacting investor sentiment, causing a drop in Tesla's stock price. Additionally, the NHTSA investigation into steering control issues in Tesla's vehicles could potentially lead to recalls or fines, further negatively impacting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100