Tesla Faces Scrutiny

Tesla Inc. (NASDAQ: TSLA ) and CEO Elon Musk were in the news again, with the stock experiencing a double-digit percentage decline as well as the EV giant facing legal and Federal scrutiny.

Here’s a look at some of the headlines this week.

Ross Gerber’s Sarcastic Jibe At Elon Musk As Tesla’s stock saw a decline of more than 13% over the past month, investor Ross Gerber of investment firm Gerber Kawasaki suggested that Musk should consider selling EVs again.

He expressed his admiration for burgeoning rival Slate Auto ‘s novel approach for its $25,000 truck.

Gary Black Dismisses Robotaxi Theory, SpaceX Merger Speculations Investor Gary Black dismissed the theory that Musk was deliberately slowing down Tesla’s Robotaxi ramp for a potential Space Exploration Technologies Corp (NASDAQ: SPCX ) merger.

He cited the “massive dilution” and “governance issues” that would result from such a transaction.

Tesla Faces Legal Scrutiny Following Texas Crash A Texas crash involving a Tesla vehicle has led to a wrongful-death lawsuit filed by the family of 76-year-old Martha Avila, who died in the accident.

The National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) announced probes into the incident that took place last week.

The incident prompted Musk and Tesla AI Lead Ashok Elluswamy to respond to the claim that the vehicle, a Tesla Model 3, was operating on Autopilot at the time of the crash, according to statements from the driver to local law enforcement.

Elon Musk Highlights American-Made Content in Tesla Models Musk took to social media to highlight the high percentage of American-made content in Tesla’s Model 3 and Model Y, in response to a ranking by Cars.com as uncertainty looms around the United States-Mexico-Canada Agreement (USMCA) amid the July 1st renewal.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a editor.

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