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Tesla slumps for second straight day after US opens probe on fatal crash

The sell-off came after Tesla tumbled 8.2 percent on Tuesday, the lowest close in almost a year

Reuters  |  NEW YORK 

Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production. The sell-off came after Tesla tumbled 8.2 percent on Tuesday, the lowest close in almost a year. Tesla was trading on Wednesday at $258.44, down $20.74 a share, off a low of $252.10. Late on Tuesday, Moody's Investors Service downgraded Tesla's credit rating to B3 from B2. Moody's said the ratings "reflect the significant shortfall in the ...

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First Published: Wed, March 28 2018. 23:08 IST
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