Safety matters a great deal in the automotive market. Safety recalls and investigations, paradoxically, don’t matter as much.
Investors might not be able to tell that by looking at stocks.
Tesla
(ticker: TSLA) shares were down 3.7% in midday trading Wednesday, the same day the National Highway Traffic Safety Administration opened an investigation into steering wheels that could detach. The
S&P 500
was down 0.2% and the
Nasdaq Composite
was flat.
Source: https://www.barrons.com/articles/tesla-stock-price-steering-wheels-cut-fc4c55b?siteid=yhoof2&yptr=yahoo
Tesla Stock Is Down. Steering Wheels Are Not the Reason.
Safety matters a great deal in the automotive market. Safety recalls and investigations, paradoxically, don’t matter as much.
Investors might not be able to tell that by looking at stocks.
Tesla
(ticker: TSLA) shares were down 3.7% in midday trading Wednesday, the same day the National Highway Traffic Safety Administration opened an investigation into steering wheels that could detach. The
S&P 500
was down 0.2% and the
Nasdaq Composite
was flat.
Source: https://www.barrons.com/articles/tesla-stock-price-steering-wheels-cut-fc4c55b?siteid=yhoof2&yptr=yahoo