The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into Tesla after receiving complaints from drivers that the steering wheel on Tesla Model Y vehicles can come off while driving. The investigation will likely have an impact on 120,000 cars produced in 2023.
A recent report claims that the roof flew off a Tesla Model Y on its first drive home from the factory, the latest in a long line of stories of poor Tesla quality control.
Tesla CEO Elon Musk recently stated during an event in Shanghai, China, that the electric car manufacturer plans to design its next vehicle in China for the global market, an idea Musk called “super cool.” Musk also drew attention at the event by showcasing his bizarre dance moves.
Morgan Stanley analyst Adam Jonas, who previously claimed that Tesla had vast long-term growth potential, has now described the firm as a “distressed-credit and restructuring” story in a call with investors.
Elon Musk’s Tesla unveiled their new Model Y SUV recently, the first look at the new electric car left many unimpressed with the supposed SUV which looked almost identical to the company’s current Model 3 sedan.
Elon Musk’s Tesla is set to reveal its Model Y Suv soon as the company faces worries over a lack of demand for cars and legal issues involving the SEC and multiple whistleblowers.
Despite recently laying off 1,000 staff members, Tesla plans to cut nearly 100 additional jobs from its Fremont production facility shortly after announcing the production of a new Model Y SUV vehicle.
Following the settlement of a $920 million bond payment, Tesla announced its new Model Y vehicle, but the sudden timing of the announcement has raised concerns amongst analysts about consumer demand for Tesla cars.
