Tesla shares drop like a rock after its big Model S recall and more questions about Autopilot

  • Tesla revealed Friday that the Model X vehicle involved in a fatal crash last month had its Autopilot system activated.
  • The National Transportation Safety Board, the government agency investigating the crash, said on Sunday it was "unhappy" that Tesla made public information about the incident.

Tesla shares are plunging after the company announced a large recall and revealed more details about a fatal Model X crash last month.

The company on Thursday announced a voluntary recall of 123,000 Model S vehicles because of an issue with a power steering component.

Tesla then revealed on Friday that the Model X vehicle involved in a fatal crash last month had its Autopilot system activated.

The National Transportation Safety Board, the government agency investigating the crash, said on Sunday it was "unhappy" that Teslamade public information about the incident.

Tesla shares are down 4 percent Monday. The stock pared its losses after Jalopnik reported on an internal email by CEO Elon Musk, which said the company passed the 2,000 vehicles manufactured per week rate for the Model 3.

Tesla said in its fourth-quarter letter to investors that it will produce 2,500 Model 3 cars per week by the end of its first-quarter.

The stock has dropped 21 percent in the past one month through the end of last week versus the S&P 500's 2 percent decline in the same time period.

Jefferies on Monday raised its rating on Tesla shares to hold from underperform, predicting the company will soon act to "restore [its] credibility." But the the upgrade did not seem to help the shares in the premarket session.

Tesla typically reports its production and delivery data in the days after the end of each quarter, which points to a release of its first-quarter numbers this week.


Lithium ion batteries: Cause wars in the Congo, Afghanistan and Bolivia; are owned by ex-CIA bosses;  mutate fetuses when they burn; destroy your brain, lungs and nervous system when they burn; kill the factory workers who make them; cause Panasonic to be one of the most corrupt companies in the world; poison the Earth when disposed of; can't be extinguished by firemen; poison firemen; are based on criminally corrupt mining schemes like URANIUM ONE; Have over 61 toxic chemicals in them; come from an industry that spends billions on internet shills and trolls used to nay say all other forms of energy; are owned by corrupt U.S. Senators who are running a SAFETY COVER-UP about their dangers; Apple products with lithium ion batteries have been exploding and setting people on fire; over time the chemical dendrites inside each battery grow worse and increase the chances of explosion over time - LITHIUM ION BATTERIES BECOME MORE AND MORE LIKELY TO EXPLODE AS TIME GOES ON AND AS THEY AGE; "Bad Guys" have figured out to make them explode remotely; have their dangers hidden by CNN and MSM because pretty much only the DNC people profit from them; are the heart of Elon Musk's stock market scam; the Obama Administration promised Silicon Valley oligarchs the market monopoly on lithium ion batteries and the sabotage of fuel cells in exchange for campaign financing and search engine rigging; United States Senators that are supposed to protect us from these deadly products own the stock market assets of them so they protect them and stop the FDA, OSHA, DOT & NHTSA from outlawing them. WRITE YOUR ELECTED REPRESENTATIVE AND DEMAND THAT LITHIUM ION BATTERIES BE MADE ILLEGAL TO SELL!

Elon Musk exists because he bribed DNC politicians and Senators Feinstein, Reid, Boxer, Harris, Clinton and Pelosi to give him free taxpayer cash and government resources from the Dept. of Energy and the Calif treasury. DOE has been covering-up organized crime activities at DOE in which DOE funds are being used as a slush-fund to pay off DNC campaign financiers and to pay for CIA/GPS Fusion-Class attacks on Silicon Valley business competitors of those DNC campaign financiers who DOE staff share stock market holdings with. Elon Musk is a criminal, a mobster, an asshole, a bald fake-hair wearing, plastic surgery-addicted, douchebag, woman abusing, sex addicted, tax evader. Musk exploits poor people and child slaves in the Congo and Afghanistan to mine his lithium and Cobalt. Musk spends billions per year to hire Russian trolls, fake blogger fan-boys and buy fake news self-aggrandizement articles about himself. Musk thinks he is the 'Jesus' of Silicon Valley. Fake News manipulator Google is run by Larry Page and Larry is Musk's investor and bromance butt buddy. Musk uses massive numbers of shell companies and trust funds to self-deal, evade the law and hide his bribes and stock market insider trading. A huge number of Tesla drivers have been killed and Musk covers it up. The DNC and the MSM refuse to allow any articles about Musk's crimes to be printed because they benefit from Musk's crimes. Musk has been professionally diagnosed as a 'psychotic narcissist.' In EVERY blog that you read that mentions 'Musk', at least 1/3 of the comments have been placed their by Musk's paid shills. Musk holds the record for getting sued for fraud by his investors, wives, former partners, employees, suppliers and co-founders. Elon Musk has gone out of his way to hire hundreds of ex-CIA staff and assign them to "dirty tricks teams" to attack his competitors and elected officials who Musk hates. Musk never founded his companies. Musk's "Starlink" satellites are domestic spy and political manipulation tools - never get your internet from one. He stole them in hostile ownership take-overs. The same kind of EMF radiation proven to cause cancer from cell phones exists in massive amounts in a Tesla. Musk can't fix a car or build a rocket and has almost no mechanical skills. Musk is a lying con artist and partners with Goldman Sachs to rig the stock market. Over 1000 witnesses can prove every one of those claims in any live televised Congressional hearing!

Tesla is now worth less than Ford (finance.yahoo.com)

submitted  ago by One-Way_Bus to news (+9|-1)