NHTSA sent Tesla, Inc. (NASDAQ:TSLA) a cease-and-desist letter over “misleading statements” about the Model 3′s safety rating
The U.S. National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter regarding claims the company made on the safety of its Model 3 sedan.
NHTSA Chief Counsel Jonathan Morrison sent Tesla CEO Elon Musk a cease-and-desist letter in October last year to say it had become aware of “misleading statements” made by the company about the vehicle’s safety rating.
The agency’s main contention was with Tesla’s claim in a blog post that month that NHTSA tests showed the Model 3 has “the lowest probability of injury of all cars the safety agency has ever tested.”
The NHTSA said in the letter, which was posted on the legal transparency website PlainSite, that it had also referred the matter to the Federal Trade Commission’s Bureau of Consumer Protection.
The company said that, based on that data, its long-range rear-wheel drive Model 3 “achieved a Vehicle Safety Score of 0.38 that translates to an overall probability of injury of 5.7% … No vehicle has ever achieved an overall lower score.”
The NHTSA said in an emailed statement that it was “committed to rigorous and appropriate safety oversight of the industry and encourages any potential safety issue be reported to NHTSA.”
“The 5-Star Safety Ratings program was created to provide consumers with information about the crash protection and rollover safety of new vehicles.”
The agency added: “NHTSA’s Special Crash Investigation (SCI) program investigates over 100 crashes annually. Cases of interest represent a variety of issues and manufacturers.”
Overall, the bias in prices is: Downwards.
The projected upper bound is: 195.50.
The projected lower bound is: 174.83.
The projected closing price is: 185.17.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.0636. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 37.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 17 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -125.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 15 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 13 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 0.640 at 185.150. Volume was 7% below average (neutral) and Bollinger Bands were 18% wider than normal.
Open High Low Close Volume___
183.600 186.370 181.220 185.150 15,833,197
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 192.08 189.85 167.31
Volatility: 29 36 42
Volume: 19,738,128 18,082,522 20,544,210
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FACEBOOK INC A is currently 10.7% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 5 periods.