Tesla stock falls 12% after NTSB announces fatal crash investigation

https://arstechnica.com/cars/2018/03/tesla-stock-falls-12-after-ntsb-announces-fatal-crash-investigation/

by artsandsci • 8 years ago

11 17 8 years ago

dwighttk5• 8 years ago

Tesla says that it hasn't been able to retrieve the vehicle's logs due to extensive damage to the vehicle.

If we can build a "black box" that survives plane crashes, why can't Tesla build one of those for their logs?

"We understand there were no occupants still in the Model X by the time the fire could have presented a risk," Tesla claims.

huh... then who died?

segmondy• 8 years ago

Do other cars have black boxes that survive crashes? Why should Telsa build one? Their car is not a plane. To build such a black box will increase the cost of production. They are trying to reduce costs. Their very existence depends on reducing the costs of manufacturing.

dwighttk5• 8 years ago

Their very existence depends on reducing the costs of manufacturing.

Some might say that their very existence depends on people trusting them to purchase their cars. It always seems convenient that there is no telemetry available in the very crashes we are interested in.

Arzh• 8 years ago

"post-crash fire", the fire is not noted as the cause of death anywhere in the article.

dwighttk5• 8 years ago

Ah, I see now elsewhere that the driver died in the hospital later...

ry4n413• 8 years ago

The downgrade by Moody's is why the stock is down as much as it is, imo, as it immediately impacts the discount rate (aka cost of capital) and makes it more expensive for TSLA to borrow money. The impact of the investigation on TSLA's future growth/financials doesn't seem quantifiable right now.

totalZero2• 8 years ago

Ignoring dividends and interest, the stock price itself is the market's approximation of the expected future value of a share. That's precisely how you quantify it.

Tesla stock falls 12% after NTSB announces fatal crash investigation

Related Stories