Tesla shares fell by 5% after the company reduced prices on certain models in the US and lowered the cost of its premium driver assistance software. The stock closed at $245.01, but it is still up nearly 100% this year. The price cut for the Full Self-Driving software comes as the National Highway Traffic Safety Administration nears the completion of an investigation into potential safety defects of Tesla’s driver assistance systems. Tesla also announced a Model 3 refresh, which includes controversial changes such as a "stalkless" turn signal. The new model has a higher price tag in China and includes a longer-range battery.
The post Tesla Shares Close down 5% after price cuts, Model 3 refresh appeared first on Balanced News Summary.