Tesla Falls After Musk’s All-Wheel Drive Fails to Dazzle
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Tesla Motors Inc. dropped to the lowest in more than two months after last night’s unveiling of an all-wheel drive Model S and driver-assisting tools.
Chief Executive Officer Elon Musk had created a buzz around the event by tweeting about it on Oct. 1. The debut of the newest Tesla electric car went “largely as expected,” and that could potentially “take some wind out of the sails” of the more bullish investors, Bank of America wrote. The updates in part show that Tesla is playing “catch-up” with its competitors, it said.