Shares of Tesla Inc. TSLA, -2.38% headed to the close Tuesday down nearly 3%, with losses intensifying late in the session as news of another safety-related federal investigation spread. This time, nearly 300,000 Tesla Model 3s and Model Ys, the automaker’s most popular vehicles, are under a fresh National Highway Traffic Safety Administration investigation into their steering after a dozen complaints alleging loss of steering control. The stock has more than doubled this year, compared with gains of around 19% for the S&P 500 index. SPX, -0.27%
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