'US agency seeks more details on self-driving Zoox crashes' - Reuters
Portfolio Pulse from Benzinga Newsdesk
The US National Highway Traffic Safety Administration (NHTSA) is seeking more details on crashes involving Zoox, a self-driving vehicle company owned by Amazon (AMZN). The agency is investigating the safety and performance of Zoox's autonomous vehicles.
May 31, 2024 | 1:33 pm
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The NHTSA is investigating crashes involving Zoox, Amazon's self-driving vehicle unit. This regulatory scrutiny could impact Amazon's stock price in the short term.
Regulatory investigations often lead to increased scrutiny and potential operational changes, which can negatively impact investor sentiment and stock prices. As Zoox is a subsidiary of Amazon, this investigation could reflect poorly on Amazon's stock in the short term.
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