Tesla stock turns lower after recall news
Tesla Inc. stock turned lower Thursday after news that more than 300,000 of its vehicles are hit by a recall related to the EV maker’s self-driving software.
In a recall notice, federal regulators said Tesla’s TSLA, -1.65% Full Self Driving beta software may increase the risk of crashes by allowing vehicles to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner.” Tesla shares had shaken off weakness earlier in the week, gaining for two straight sessions and starting Thursday in the black.
The stock earlier this month notched an 8-day winning streak, leading one analyst to say it was “overextended.” Tesla stock is down about 30% in the last 12 months, compared with losses of around 8% for the S&P 500 index. SPX, -0.61% Tesla investors await for the “Master Plan 3” to be unveiled on the March 1 investor day.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. government will pay Tesla to open its charger network to non-Tesla EVsThe U.S. government will pay Tesla to supply 7,500 chargers for non-Tesla electric vehicles. How much extra those non-Tesla customers will pay is yet to be determined.
Read more »
Tesla is officially opening up its Supercharger network to non-Tesla EVsThe White House has announced that Tesla will open up its Supercharger network to non-Tesla EVs, making 7,500 chargers available by 2025.
Read more »
Tesla will open charging network to other EVsTesla has agreed to make part of its extensive charging network available to drivers of other brands, the White House said.
Read more »
Tesla will open up 7,500 charging stations to other EVs by 2024 | EngadgetThe Biden administration has unveiled new initiatives in its $7.5 billion plan to install 500,000 EV chargers on US roads by 2030..
Read more »
Tesla Agrees to Open Network of Chargers in the US to Other EVsElectric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced by the White House.
Read more »
Tesla And White House Deal, Massive Supercharger Expansion For All EVsTesla is making plans to open its Supercharger network to all EVs. With the support of the Biden Administration, the network stands to more than double in size.
Read more »