Tesla's Autopilot Recall: Is Your Car at Risk?

GMBStaff

 13 Dec 23

tl;dr

Today, Tesla (NASDAQ:TSLA) filed a recall for over 2 million vehicles due to issues with its Autopilot driver-assistance system. A long investigation by the National Highway Traffic Safety Administration (NHTSA) concluded that the system does not effectively keep drivers engaged, leading to potentia...

Today, Tesla (NASDAQ:TSLA) filed a recall for over 2 million vehicles due to issues with its Autopilot driver-assistance system. A long investigation by the National Highway Traffic Safety Administration (NHTSA) concluded that the system does not effectively keep drivers engaged, leading to potentially hazardous outcomes. The NHTSA will continue to monitor the efficacy of Tesla's over-the-air software updates, which were recently deployed, while keeping the investigation open. Earlier this week, a fatal crash in Virginia involving a Tesla using Autopilot once again brought the system's safety into question, resulting in a 1.38% drop in Tesla's premarket trading stock price to $233.76, compared to its 52-week range of $101.81 to $299.29.

More about Tesla Inc

Key Financial Metrics:

• Sales in the plug-in and battery electric passenger car segments: 16% and 23% respectively in 2020
• 3 GWh of battery storage supplied in 2020

Stock Performance:

• Current stock price: $76.45
• Change: 3.1
• Relative Strength Index (RSI): 30.28
• Bollinger Bands: 0.112

Market Sentiment:

• High sales in electric vehicle segments indicate strong market demand
• Positive outlook for solar energy products and services
• Potential risks associated with stock performance and market uncertainty

Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.