The power steering flaw also comes at a bad time for Tesla. The company’s stock price has plummeted in recent weeks, as investors believe Elon Musk’s acquisition of Twitter has distracted the entrepreneur. As we write this, Tesla stock is trading about $190, which is lower than it was in May 2021. When you consider a turbulent third quarter, it’s evident the brand has lost some trust, even if revenues are still extremely solid.
