Tesla Stock Price Crashes Through Two Year Lows
Tesla Stock Chart TSLA 5.20.19
Tesla stock falls nearly 8% after reports of ‘hardcore’ plan to slash costs
Wall Street reacts to memo that mentions running out of cash. Shares of Tesla Inc. touched another multiyear low Friday, after a leaked memo spoke of the Silicon Valley car maker potentially running out of cash in just months without strict cost-control measures.
Tesla TSLA, -3.95% stock fell 7.6% Friday to close at $211.03, its lowest close since Dec. 22, 2016, when it ended at $208.45. The stock was the second-worst performer on the Nasdaq 100 and monthly losses surged past 11%.
marketwatch.com/tesla-stock-two-year-low
Tesla shares drop after report says its Autopilot system was engaged during a fatal crash.
Tesla stock price fell almost 8% on Friday to their lowest close since December 2016, after the National Transportation Safety Board said the company’s Autopilot driver assistance system was engaged during a fatal crash in March.
While investors are used to discounting Musk’s public comments because of how frequently the company has failed to deliver on its promises, actual reports of safety hazards create a deeper problem.
cnbc.com/2019/05/17/tesla-shares-fall
Amazon Faces Investor Pressure Over Facial Recognition
Facial recognition software is coming under increasing scrutiny from civil liberties groups and lawmakers. Now Amazon, one of the most visible purveyors of the technology, is facing pressure from another corner as well: its own shareholders.
