Tesla Under Regulator Scrutiny: Safety Probe Launched For 280,000 Model 3 And Model Y Cars
Portfolio Pulse from Benzinga Neuro
The National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla Inc. over steering control issues in its 2023 Model 3 sedan and Model Y crossover utility vehicles. The probe, which could potentially impact an estimated 280,000 vehicles in the U.S., follows multiple complaints from drivers experiencing steering problems. This comes after Tesla's voluntary recall of some Model S and Model X vehicles due to power steering problems caused by a flawed software update in 2021.
August 04, 2023 | 10:39 am
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Tesla is under investigation by the NHTSA over steering control issues in its Model 3 and Model Y vehicles. This could potentially impact 280,000 vehicles in the U.S.
The investigation by the NHTSA into Tesla's steering control issues could potentially lead to a recall of the affected vehicles. This could result in significant costs for Tesla, both in terms of the financial cost of the recall and the potential damage to the company's reputation. This could negatively impact Tesla's stock price in the short term.
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