Tesla stock and bonds tumble as investors fret about costs and safety

Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future. Tesla's stock fell 3.8% to $203.03, bringing its loss to 11% since the National Transportation Safety Board said on Thursday that the Autopilot system was engaged during a fatal collision of a Model 3 on March 1, in at least the third deadly U.S. crash reported involving the driver-assistance system. Investors were also spooked after Musk told employees on Thursday he would increase cost-cutting and that $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter.

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