Acting NHTSA Administrator Carlson Says Agency Appreciates Tesla Agreed To Autopilot Recall
Portfolio Pulse from Benzinga Newsdesk
The Acting Administrator of the National Highway Traffic Safety Administration (NHTSA), Carlson, acknowledged Tesla's cooperation in agreeing to a recall related to its Autopilot system, as reported by Reuters.
December 13, 2023 | 4:03 pm
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NEUTRAL IMPACT
Tesla's agreement to the NHTSA's recall request regarding its Autopilot system may affect the company's short-term stock performance.
Recalls can have mixed effects on stock prices. While they can lead to negative publicity and concerns about product safety, Tesla's cooperative stance may mitigate some negative sentiment. The impact on the stock is uncertain as the market may have already anticipated the recall or may view the company's responsiveness positively.
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