U.S. Auto Safety Agency Seeks Records From Tesla In Power Steering Loss Probe
Portfolio Pulse from Benzinga Newsdesk
The U.S. Auto Safety Agency is seeking records from Tesla regarding a probe into potential power steering loss issues.
May 29, 2024 | 4:28 pm
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The U.S. Auto Safety Agency is seeking records from Tesla as part of a probe into potential power steering loss issues. This regulatory scrutiny could negatively impact Tesla's stock in the short term.
Regulatory investigations often lead to increased scrutiny and potential fines or recalls, which can negatively impact investor sentiment and stock prices. The focus on power steering loss is a significant safety concern that could affect Tesla's reputation and financial performance.
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