What's Going On With Tesla Stock?

Tesla, Inc. TSLA shares are trading lower on Wednesday. The stock

appears to be moving on continued downward momentum from Tuesday and amid overall market weakness.

What To Know:

Tesla shares are trading lower amid overall weakness in growth stocks after Fitch downgraded its rating of U.S. Treasuries, negatively impacting investors' risk sentiment.

Additionally, CNBC reported on Tuesday that the National Highway Traffic Safety Administration (NHTSA) has opened an investigation into Tesla over steering control issues in the 2023 Model 3 sedan and Model Y crossover utility vehicles. The federal vehicle safety regulator has received multiple complaints from drivers experiencing steering problems, including one that led to a crash.

TSLA has captured the attention of retail investors. The stock is currently listed as one of the most mentioned stocks on WallStreetBets, according to Swaggy Stocks, and one of the top trending tickers on Yahoo! Finance.

TSLA Price Action: According to Benzinga Pro, Tesla shares are currently trading down by 2.67% at $254.11 at the time of publication.

Image: Courtesy of Tesla, Inc.

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