The National Transporation Safety Board on Friday said Autopilot was engaged in a deadly crash that involved a Tesla Model 3 sedan. The carmaker's shares dropped 7.6% to finish at $211.03 on Friday in NY, the lowest close since December 2016.
Toddler apprehended at US-Mexico border dies in El Paso hospital
The toddler's mother alerted authorities that he was sick on April 6 and he was taken to a hospital, the official said. Guatemalan Consul Tekandi Paniagua told NPR that the 2½-year-old boy "had a high fever [and] difficulty breathing".
Venezuela says talks between government, 'democratic' opposition underway in Norway
That's left Venezuela in a state of paralysis after years of hyperinflation and shortages of food and medicine. Norway confirmed the talks and expressed hope for a peaceful solution.
Disabled Thai dog hailed for rescuing newborn buried alive by teenage mom
A three-legged dog dug up a baby boy buried in a Thailand field after the baby's fifteen year-old-mother buried the baby alive. As we're applauding Ping Pong's heroic act, we should not be distracted by the fact that a teenager abandoned her newborn son.
Tesla, the electric vehicle maker's top investor T Rowe Price Associates sold close to 81% of its stakes in the first quarter of the year making a quick retreat from the company it had invested for long. But now there are many questions being raised in Wall Street about Musk's claims and when he can turn the company around to make profits.
Every expense "no matter how small" is up for review, and this extends to salaries, parts, travel and rent.
Tesla earlier this month closed a $2.7 billion offering of stock and convertible notes, giving it much needed cash as it ramps up production. While cost-control measures are generally positive for a company, Musk used words such as "hardcore" and talked about examining every expenditure, which could be making investors apprehensive. The move is thought to be because Tesla shares have fallen by 30% this year when compared to other S&P 500 companies which have gained more than 14%. Because Musk's Twitter activity has been relatively subdued as of late, his email seems to be filling the void for Tesla bears.