Tesla Initiates First-Ever Cybertruck Recall As Part Of Larger 2.2M Vehicle Callback
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is recalling approximately 2.2 million vehicles, including the Cybertruck, due to concerns over reduced visibility of key safety information caused by a smaller font size on the instrument panel for warning lights. The recall encompasses all of Tesla's models such as the Model 3, Model Y, Model X, and Model S sedans and SUVs.
February 02, 2024 | 11:07 am
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Tesla Inc is recalling 2.2 million vehicles, including the Cybertruck, due to a safety concern related to the visibility of warning lights on the instrument panel.
The recall of such a significant number of vehicles, including the highly anticipated Cybertruck, due to safety concerns, is likely to negatively impact investor confidence and Tesla's stock price in the short term. Recalls, especially those involving safety issues, can lead to increased regulatory scrutiny, potential financial liabilities, and damage to the brand's reputation, all of which can adversely affect the stock price.
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