Bosch Autonomous Tesla First Drive Autocar

In the first week of July Tesla’s stocks dropped nearly 13% in value, which equaled to 8 billion loss of the company’s market capitalization and the loss of the number one spot as the most valuable car maker in the US. This stock crisis was a result of Tesla Model S inability to receive the highest safety rating from the Insurance Institute for Highway Safety, lower-than-expected deliveries and rising competition on the electric car market.