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Tesla stocks fall after Model X crash in California

Tesla are hitting the headlines for the wrong reasons at the moment, after a recent fatal crash in California involving the company’s Model X which offers semi-autonomous Autopilot features.

The crash is now being investigated by U.S. authorities and due to scale of this story and the fact that it has been spread across all major news outlets and social media, Tesla’s stock has taken a big hit in the aftermath of the crash.

According to Bloomberg’s figures, Tesla shares fell by as much as 9.3 percent as of Wednesday March 28, which equates to $253.21 and is the biggest drop the company has suffered since June 2016.

Tesla has issued a statement themselves on the crash, defending the Autopilot feature in a lengthy blog post which you can read in full here.

With Tesla working towards fully capable autonomous driving in the future, are you worried about this accident in California? Give us your thoughts on the sudden drop in Tesla shares.

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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