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Tesla Drops, Robinhood Falls, FICO Plunges as Pulte Renews Criticism

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On this episode of Stock Movers:

- Tesla (TSLA) shares drop. Tesla rolled out its Cybercab for robotaxi service, advancing Elon Musk’s futuristic vision while drawing fresh scrutiny from US auto regulators. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards.

- Robinhood (HOOD) shares fall. AMC Entertainment Holdings Inc. boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain’s shares. Aron called the product “contemptible” and “outrageous”, claiming it could confuse investors about what they own, strip them of voting rights and limit firms’ fundraising capabilities.

- FICO (FICO) shares plunge. Shares of Fair Isaac Corp., Equifax Inc. and TransUnion fell after Federal Housing Finance Agency Director Bill Pulte criticized the costs of consumer credit scores. Pulte said the government is considering "bi-merge, and stronger solutions" and instructed mortgage-finance giants to "approve all lenders to use VantageScore", a rival to FICO.

 
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