Shares of Tesla Inc. (NASDAQ: TSLA) are down about 15% from the May high and are starting to take a shape that investors won't want to see. The broader narrative around the company has been getting more interesting by the month, from the Wall Street hype around the company’s full self-driving (FSD) and robotaxi projects to the increasingly serious conversation about a Tesla and SpaceX (NASDAQ: SPCX) merger.
However, this week has brought a much less welcome development, and it's the kind of headline that could easily further darken sentiment in the short term. It was announced on Monday, June 22, that the National Highway Traffic Safety Administration (NHTSA) has opened a fresh probe into Tesla after one of its Model 3 vehicles crashed into a residential home in Texas, causing a fatality.
