Tesla Slides as Regulators Investigate Crashes, Bank of America Downgrades Stock

Key TakeawaysNHTSA opened an investigation into Tesla's Smart Summon and Actually Smart Summon features, which allow users to move their vehicles remotely using an app.The regulatory agency has received complaints that Tesla vehicles failed to detect obstacles or parked vehicles, resulting in crashes.Meanwhile, Bank of America Securities analysts downgraded their rating on Tesla to "neutral" from "buy," but raised their price target for the stock. Tesla (TSLA) shares dropped Tuesday as federal regulators sa ...