US Stock Market Move | Tesla, Inc. (TSLA.US) fell 5% as the Cybercab's no-steering-wheel design prompts regulatory scrutiny.
On Friday, Tesla (TSLA.US) fell by 5%, closing at $357.49.
On Friday, Tesla, Inc. (TSLA.US) fell 5%, closing at $357.49. In terms of news, the complete removal of traditional manual controls in the Cybercab has attracted the attention of U.S. federal regulators. On September 4, NHTSA announced an investigation into approximately 1,000 Tesla, Inc. Cybercabs, focusing on the certification processes and technical data that Tesla, Inc. used to demonstrate that the model complies with federal motor vehicle safety standards. NHTSA stated that the Cybercab does not permanently install traditional manual controls, including the steering wheel, brake pedal, accelerator pedal, and rearview mirrors.
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