Shares of Tesla Inc. TSLA, -3.40% dropped 2.5% in premarket trading Monday, after reports over the weekend about a fatal crash of a Tesla electrical automobile crashed, with no one driving it. 2 people died in the crash, with among individuals in the front passenger seat and the other in the rear seats, according to a report in The Wall Street Journal. A very first responder at the crash stated they were nearly sure there was no one driving the vehicle, the report stated. It took about four hours and approximately 32,000 gallons of water to put out the fire, the report said. Tesla’s stock had actually rallied 9.3% last week, and skyrocketed 19.6% amid a three-week win streak, however was still down 12.4% over the past three months through Friday, while the S&P 500 SPX, -0.53% has actually gotten 10.2%.
May 2, 2021