Hyperdrive
Tesla Manufacturing Woes and Fatal Crash Combine to Sink Shares
- Company and Swiss police are looking into German man’s death
- Morgan Stanley analyst cites ‘structural’ issues with Model 3
Tesla's Musk Announces 'Thorough Reorganization' Amid Executive Defections
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Another fatal crash in a Tesla Inc. vehicle and a bearish report about Elon Musk’s struggles to mass-manufacture his first car sent the company’s shares sliding.
Police in southern Switzerland are investigating the death of a German man whose Tesla crashed into a guardrail and burst into flames last week, the Associated Press reported Tuesday. A Morgan Stanley analyst said earlier that the company faces “structural” problems with the Model 3 sedan that risk making sales of the crucial car less lucrative.