Tesla shares are trading lower after the company's executive Ashok Eluswamy announced that the company delayed the Cybertruck's full self-driving rollout into September. Also, the National Transportation Safety Board said that it is opening an investigation into a crash involving a Tesla vehicle.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are declining following the announcement of a delay in the Cybertruck's full self-driving rollout and an investigation by the National Transportation Safety Board into a Tesla vehicle crash.
August 22, 2024 | 6:42 pm
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NEGATIVE IMPACT
Tesla's stock is under pressure due to a delay in the Cybertruck's full self-driving feature and an NTSB investigation into a crash involving a Tesla vehicle.
The delay in the Cybertruck's self-driving feature rollout could impact Tesla's product timeline and investor sentiment negatively. Additionally, the NTSB investigation into a crash involving a Tesla vehicle raises regulatory concerns, further pressuring the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100