TSLA dropped below $200 today. As I type the 'DAQ says it's at $200.685.
This looks dire. I predicted an equity dump this year but didn't expect this kind of trouble so soon.
Subtitle of CNBC article: "Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot system was engaged during a fatal Model 3 crash earlier this year."
CNBC is notorious for being hard on Tesla so take them with a grain of salt here: Read the email Elon Musk sent to Tesla employees calling for ‘hardcore’ control of expenses
I always root for the folks in the plant. That area needs those jobs. I fear that the sugar high is turning into a sugar crash, and that a car factory in Fremont (California in general) was never a good idea. Not when I hear talk of paint coming off because of state regulations on materials.