Tesla, Inc. (TSLA) shares are experiencing a downturn on Thursday, with a combination of industry-wide developments and company-specific issues weighing on investor sentiment.
The U.S. National Transportation Safety Board (NTSB) has initiated an investigation into a recent crash involving a Tesla Semi truck in California. The accident, which occurred on August 19th, resulted in the vehicle’s battery catching fire and caused significant traffic disruption. As Tesla prepares to scale up production of the Semi by the end of 2025, this incident raises concerns regarding the safety and reliability of its newly launched vehicle models.
Adding to the downward pressure on Tesla shares is the delay in the rollout of its Full Self-Driving (FSD) technology for the Cybertruck. Originally slated for a late June release, the FSD feature has now been pushed back to September. CEO Elon Musk has previously provided multiple timelines for the FSD rollout, which has led to some skepticism and uncertainty among investors.
Over the past month, traders have been actively engaging in options trading for Tesla, targeting a price range between $210.00 and $230.00. These trades have reflected both bullish and bearish sentiment, with some investors betting on a decline in share price and others anticipating a rebound.
According to Benzinga Pro, Tesla shares are down 5.04% at $212.02. The combination of the NTSB investigation, FSD delays, and ongoing market volatility are contributing to the current downward trend in Tesla stock.
