7/5/2018, 4:34 PM (Source: TeleTrader)
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Tesla shares continue dive after skipping brake test

Shares of Tesla, Inc. continued to tumble on Thursday on the back of news the company decided to skip performing its critical brake-and-roll tests for Model 3s in its Fremont plant.

According to a report from the Business Insider, Chief Executive Officer Elon Musk asked engineers at the California factory to remove the standard brake test in order to speed up production. In response to the story, a representative from Tesla told the news outlet every car goes through "rigorous quality checks."

Earlier this week, senior vice president of engineering, Doug Fields, left the company as well. Shares of the electric vehicle manufacturer dropped 4.43% at 4:37 pm CET.

Breaking the News / JC