On November 4th local time, US stocks closed, Tesla It closed at $444.26, down 5.15%, with a market capitalization of $1.48 trillion, representing a loss of $80.2 billion (approximately 571.8 billion yuan) overnight.
In terms of news, Norway's sovereign wealth fund plans to vote against a proposal to award Elon Musk Tesla stock as a performance bonus for the CEO at Tesla's annual shareholder meeting on November 6. (Norway Bank) On November 4, NBIM Investment Management stated that while acknowledging the immense value created by Musk's leadership, it expressed concerns about the total amount of rewards, equity dilution, and the lack of mitigation measures for key personnel risks. It will continue to seek cooperation with Tesla on this and other issues. Engage in constructive dialogue.
The Norwegian sovereign wealth fund currently holds 1.12% of Tesla's shares, worth approximately $17 billion, making it Tesla's seventh-largest shareholder.
In addition, it is worth noting that Tesla is facing lawsuits and investigations by relevant agencies in the United States due to potential safety hazards posed by concealed door handles.
According to media reports, a lawsuit concerning a fatal traffic accident involving a Tesla vehicle that occurred last November was formally filed in the U.S. District Court for the District of Wisconsin on October 31.
In this accident, a Model S's doors became stuck after the collision, trapping all five passengers inside in the rapidly spreading flames, who tragically perished. The victims' relatives filed a lawsuit stating that after the vehicle crashed into a tree and caught fire, the occupants initially survived the impact but were trapped inside due to the door locking system.
Court documents show that the accident occurred on November 1, 2024. At the time, 54-year-old Jeffrey Bauer and 55-year-old Michelle Bauer were traveling in a Model S. The vehicle suddenly veered off the road, crashed into a tree, and quickly caught fire. All five people in the vehicle, including the Bauers, died in the accident.
The Bauers died the day after the accident. A nearby homeowner called 911, saying she heard screams coming from inside the Bauers' car. The local sheriff's office report indicated that multiple bodies found piled up in the front seat suggested the passengers had struggled to escape.
On October 31, the Balls' four children filed the lawsuit in state court in Dane County, Wisconsin. The lawsuit alleges that the Balls' fate was "locked in" at the time of the collision because the Model S malfunctioned after the crash, causing the vehicle's electronic door system to fail. The plaintiffs' legal team wrote, "Tesla's design choices created a highly foreseeable risk that surviving passengers would be trapped inside the burning vehicle."
The families allege that Tesla, based on earlier fire incidents, was fully aware that this potential malfunction could occur, but "deliberately deviated from known, feasible safety practices" and failed to take steps to prevent a recurrence of the tragedy.
Reports indicate that once the low-voltage batteries of Tesla's windows and doors are operated... The doors malfunction after a collision, forcing passengers to open them manually. However, many drivers and passengers are unaware of the location of the internal mechanical unlocking mechanism.
In their lawsuit, the families emphasized that back-seat passengers like Mrs. Bower were "particularly vulnerable" because they had to lift the carpet to find a metal pull ring to escape, a process that was "unintuitive."
The lawsuit accuses Tesla of negligence, alleging that the company was aware of safety hazards in its door handle design and the lithium-ion batteries used in its electric vehicles. There was a fire risk after the collision, but no corrective measures were taken.
Meanwhile, the NHTSA (National Highway Traffic Safety Administration) has also launched an investigation into Tesla regarding potential safety defects in its concealed door handles.
Daily Economic News, citing Red Star News, CBN, Jiemian News, and publicly available market data.
(Source: Daily Economic News)
