Tesla Stock Plunges 15% This Month Amid New Model 3 Crash Probe
TSLA sits 31% above its 52-week low of $288.77 on light trading volume (0.1× avg).
Summary
Tesla stock has fallen 8.5% this week and 15% in June, marking its worst monthly performance since February 2025. This decline is partly driven by a new federal investigation into a fatal Model 3 crash near Houston, where the driver claims Tesla's automated driving system was engaged. This new probe introduces fresh regulatory and reputational risks for Tesla's critical Full Self-Driving technology, especially following recent positive news about its expansion into China and strategic shift towards robotaxis. The broader tech selloff also contributed to the stock's poor performance.
At the time of this announcement, TSLA was trading at $376.93 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $288.77 to $498.83. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.