Tesla (TSLA) is seeing high volatility and recorded a 4.19% drop dragging it from $279.22 to $267.53 within a week!

Why did this happen?

Over the past 2 weeks, Tesla’s stocks have suffered a strong correction following the Model X’s fatal crash on March 23rd, which led to National Traffic Safety Board (NTSB) investigation.

To offer some relief, Tesla announced an increased production target of 5,000 Model 3 sedans per week by the end of Q2 2018, but missed its previous target for Q1 2018.

Furthermore, the company is facing $23 billion in total liabilities and has seen its credit rating downgraded by Moody’s due to “liquidity pressures” and a “negative free cash flow” – both which may require Tesla to raise new capital by the end of the year or face possible bankruptcy.

Is the Tesla revolution about to come to an abrupt stop?

Clearly, the company can’t remain in Autopilot for long, but will need to act fast and furious to get back on track.