Friday, November 15, 2024

Tesla recalls almost half a million electric cars over safety issues

Tesla Inc (TSLA.O) is recalling over 475,000 Model 3 and Model S electric cars in the United States due to rearview camera and trunk faults that enhance the risk of a catastrophe, according to the National Highway Traffic Safety Administration.

While investigating the automaker’s driving assistance technology, the National Highway Traffic Safety Administration (NHTSA) has been discussing another camera issue with the corporation. The impacted model years in the recall are 2014 through 2021, and the total number of recalled vehicles is nearly equal to the half-million Tesla vehicles delivered last year.

According to the federal authority, Tesla is recalling 356,309 Model 3 vehicles from 2017 to 2020 owing to rearview camera concerns and 119,009 Model S vehicles due to front hood difficulties.

Tesla found 2,301 warranty claims and 601 field reports for vehicles in the United States.

Latch issues in Model S vehicles may cause the front trunk to open “without warning and hinder the driver’s view, increasing the risk of a crash,” according to Tesla.

According to the NHTSA, Tesla said it was unaware of any collisions, injuries, or deaths connected to the concerns cited in the Model 3 and Model S recalls.

Tesla shares dipped as much as 3% in the morning, but recovered and were last trading at $1,088.76, slightly higher. As early as Saturday, the world’s most valuable manufacturer is likely to disclose record quarterly vehicle deliveries.

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