Tesla Stock News: 6 Most Important Headlines TSLA Investors Need to Know This Week

The first full week of February 2022 is drawing to a close, and You’re here (NASDAQ:TSLA) reached a difficult stretch of road. Tesla stock news popped up everywhere, but it wasn’t all good. The electric vehicle (EV) innovator has received a nod from President Joe Biden, but roadblocks are still popping up as well. Despite its good start to the week, TSLA stock should close in the red. It has been steadily declining throughout the morning and shows no signs of rebounding in the afternoon. As of this writing, stocks are down 2.3% for the day, demonstrating the type of turbulent pattern that portends further declines.

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Tesla bulls were hoping to see the week’s early growth help TSLA shares back into the green for the week. Unfortunately, that doesn’t seem likely. Shares are currently down more than 4% in the past five days, with declines for the month exceeding 17%.

Today is not a good day for electric vehicle stocks, however. Tesla’s US peers appear to be down across the board. Fisker (NYSE:FSR) fell after an early morning rally, and the two Lucid (NASDAQ:LCID) and Rivian (NASDAQ:BANK) fell all day.

While today’s declines are likely due to negative market momentum, Tesla has also seen its share of bad news this week. Let’s take a look at the latest Tesla stock news that made headlines this week.

Tesla Stock News: Top Headlines of the Week

Elon Musk details SpaceX’s plans to go to Mars. Here’s how it benefits Tesla.

With so much Elon Musk coverage around Tesla, it’s good to remember that he’s still focused on space. Yesterday the CEO gave an update on SpaceX, in particular on its Starship rocket and its booster. Investors can’t buy shares in SpaceX yet, but every time Musk provides an update on his quest to take over the world beyond Earth, the world goes online with excitement. This type of buzz generates considerable hype around Musk, exactly the type that can help provide a bump for TSLA stock. It’s basically free publicity, though Musk isn’t talking about his electric vehicle company.

Tesla is the most searched car brand in the world, new research reveals.

Yesterday we explained why this is good news for TSLA stocks. The title of the article sums up the conclusions of the study well. Specifically, he found that the first thing to do when finding a new car is to search for Tesla. While it’s well known that interest in electric vehicles remains high, it’s always good to see data on which cars and brands are most sought after by consumers. This study demonstrates that Tesla has a clear competitive advantage over its peers, including Ford (NYSE:F) and Toyota (NYSE:MT). General Motors (NYSE:GM) was not even in the list of the 20 most wanted producers of electric vehicles. Investors can take comfort knowing that sales are expected to remain strong throughout 2022.

Elon Musk thanks online petition after President Biden recognizes Tesla as the largest maker of electric vehicles.

As previously reported, President Biden took to the high road earlier this week and recognized Tesla as the leader in the electric vehicle industry. This only came after he previously paid tribute to Ford and General Motors in a tweet which caught Musk’s attention. It also angered his legions of fans who began circulating a petition urging Biden to recognize Tesla. When Biden described Tesla as the biggest producer of electric vehicles in America, Musk thanked his fans and noted that the petition had made a difference. Anyone who has questioned the power of Tesla’s fan base should have no doubts. This type of numerical strength can help lift a stock if it can petition all the way to the White House.

Tesla recalls the “Boombox” feature that masks pedestrian warning noise.

The trend of forcing Tesla to recall vehicles continued this week. Last week we saw the company deal with multiple recalls due to alleged issues with some models’ fully self-driving (FSD) technology, while others were recalled due to seat belt malfunctions. security. None of the callbacks proved too big, however, as TSLA stock remained in the green as each story made headlines. This development is worth noting for investors, mainly because it is unlikely to affect stock prices either. The issues with pedestrian warning noises are similar to the seat belt reminder fault, as they don’t actually affect tiller handling. Therefore, it will not matter to drivers.

“Full Self-Driving” clips show owners of Teslas fighting for control, and experts see deep flaws.

However, Tesla seems to have more difficulties with its FSD technology, as this article demonstrates. Last week we saw thousands of Teslas recalled due to an issue with its Autopilot technology. Specifically, with the part that stops the car. The Washington Post reports that a panel of experts reviewed pilot videos and found flaws in Tesla’s FSD technology. That’s not great for TSLA stock, because FSD is a central part of Musk’s vision to change automotive transportation. That said, it’s also unlikely to push him too far down. It is a setback but not an obstacle that the company cannot overcome.

Horrifying allegations of racism spark California lawsuit against Tesla.

We’ve seen the good and bad of Tesla’s stock market news, now we come to the ugly. The Tesla factory in Freemont, Calif., set production records in 2021. However, there have recently been accusations of racist language and behavior that have affected workers of color. Now tensions have reached a boiling point as the Department for Fair Employment and Housing (DFEH) takes legal action against the company and its executives. Tesla responded with a post on the company’s blog explaining how the lawsuit is wrong. While he didn’t do much to stop the lawsuit, the consistent coverage of the legal battle also didn’t force TSLA’s stock down too much. That said, this could be extended for the foreseeable future.

As of the date of publication, Samuel O’Brient has not held (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.

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