Reported 1 day ago
Tesla's stock fell as federal regulators investigate crashes linked to its Smart Summon features, which allow remote vehicle operation via an app. The NHTSA received multiple complaints regarding Tesla's ability to detect obstacles, leading to accidents. Additionally, Bank of America downgraded Tesla's stock from 'buy' to 'neutral' while increasing its price target to $490, reflecting concerns over execution risks despite potential growth opportunities this year.
Source: YAHOO