US Stock Market Fluctuations: Tesla Plunges on September 28 Due to Lower Delivery Forecasts, Roadster Delay, and Regulatory Inquiries

Tesla September 28 Large Drop Explained

Keywords: Delivery Downgrade, Roadster Delay, Regulatory Inquiry

1. On September 28, JPMorgan lowered Tesla's Q3 delivery estimate from 516,000 vehicles to 482,000 vehicles and reduced the target price to $415, citing weak deliveries in the US and Chinese markets as well as expected drops in gross margin.

2. On September 29, due to severe weather, Tesla rescheduled the planned Roadster event from October 15, resulting in a delay for the new model's showcase.

3. On September 30, Tesla was required to respond to the US National Highway Traffic Safety Administration regarding the Cybercab certification issue. A previous investigation involved concerns over the application of safety standards for vehicles without traditional manual controls, meaning the autonomous driving business faces regulatory review.

4. On September 28, the electric vehicle sector weakened, relevant exchange-traded funds declined, and Tesla fell alongside some electric vehicle companies.

(Disclaimer: This content is generated by AI technology summarizing publicly available information for reference only and does not constitute investment advice.)