On June 23, Tesla fell 3.1% in pre-market trading, trading at $392.75/share, with turnover of $73.53 million. The decline comes amid sustained regulatory pressure following US Senators demanding a formal review of Tesla's Full Self-Driving safety data.
Two federal senators — Ed Markey of Massachusetts and Richard Blumenthal of Connecticut — sent a letter to the National Highway Traffic Safety Administration (NHTSA) requesting a comprehensive independent audit of Tesla's FSD safety statistics, with a deadline of July 7 for a complete response. The lawmakers allege that Tesla's widely cited claim — that FSD is up to 7 times safer than human drivers, with vehicles traveling approximately 5.5 million miles between major collisions versus 660,000 miles for human-driven vehicles — contains fundamental methodological flaws and misleading comparisons. Industry experts noted that Tesla's data compares new intelligent EVs equipped with advanced safety hardware against the US fleet average vehicle age of 12 years, creating an inherently biased baseline.
NHTSA has confirmed receipt of the letter and initiated a review. The broader Automobile Manufacturers sector traded lower in sympathy, with NIO down 3.37%, Ford down 1.49%, Rivian down 1.49%, Ferrari down 1.1%, and General Motors down 0.37%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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