US Stock Market Move | Tesla, Inc. (TSLA.US) fell 1.5%, having accumulated a decline of over 27% in July.

On Friday, Tesla, Inc. (TSLA.US) continued its recent decline, falling 1.5% as of the time of this report. The stock has performed poorly in July, with a cumulative drop of over 27%. In news, following multiple complaints from drivers about the sudden failure of the suspension in Tesla, Inc. vehicles, U.S. automotive safety regulators have launched an investigation into the best-selling electric vehicle model in the U.S. market. This latest inquiry by U.S. regulators comes amidst a surge in Tesla, Inc. car sales in Europe, and a significant increase in subscription adoption rates for the FSD (Full Self-Driving software platform) in North America. According to documents released on Friday by the National Highway Traffic Safety Administration on its website, the agency has received 156 reports regarding suspected suspension issues in Tesla, Inc. vehicles, with these problems potentially leading to a loss of vehicle control. This so-called preliminary assessment involves approximately 1.2 million cars, focusing on the Model 3 classic sedan from model years 2018 to 2020, as well as the Model Y SUV from model years 2021 to 2023.