EnergyWatch

Tesla took sharp dive Monday: Authorities comment on fatal accident

A fatal accident involving a self-driving test car sent the Tesla share plummeting.

Photo: /ritzau/AP/Ben Macmahon

Monday this week, Tesla's share declined by more than 5 percent after the auto manufacturer was rebuked by authorities in the wake of a fatal accident involving a Tesla self-driving test car, reports Financial Times.

In addition to the accident, investors are losing faith because of the company's mounting losses and its battle to live up to production figures for the new Model 3, which Tesla hopes will open the door to the mass market.

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