Tesla shares fell by 5% because of the joke about bankruptcy

Tesla shares fell by 5% because of the joke about bankruptcy

April 3, 2018 0 By autotimesnews

Shares of American company Tesla collapsed by 5.1% during trading on the New York Stock Exchange. For a day they have fallen in price to 252 dollars for a paper, informs MarketWatch. According to analysts, this led to a number of negative events that occurred to the automaker over the recent period.

So, on April 1, the unfortunate joke was noted by the head of the concern Elon Musk. The top manager said that Tesla had become bankrupt. This joke is not understood by the company’s investors.

Previously, Tesla was forced to announce the beginning of the largest in its history of the recall campaign. Service action will affect 123,000 electric cars Model S. Reason for recall – the bolts in the power steering, which are prone to excessive corrosion. This is especially true for countries with a cold climate. In the service centers, the replaced Tesla Model S will replace these parts. All works will be absolutely free for owners of electric cars.

In addition, the US continues to investigate the fatal crash involving the crossover Tesla Model X. Crossover, while in autopilot mode, got off the track and crashed into the bump. As a result, the car caught fire. At the wheel of the electric car was the 38-year-old Walter Huang, who died on the spot.

Tesla, a company focused on the production of electric vehicles, was founded in 2003. Since 2008, he sells the Tesla Roadster. In 2012, the company introduced the Model S. sedan. The manufacturer’s headquarters are in Palo Alto, California. The company employs more than two thousand people.