Tesla Recalls Over 3,800 Cybertrucks, Cites Unintended Acceleration Risk
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by the accelerator pedal pad potentially dislodging. The company will repair or replace the accelerator pedal assembly at no cost. Tesla has not reported any related collisions or injuries and is taking precautionary measures to equip new Cybertrucks with updated pedals and fix those in delivery.
April 19, 2024 | 10:55 am
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Tesla's recall of 3,878 Cybertrucks due to unintended acceleration risks could impact investor sentiment and potentially affect stock performance in the short term.
Recalls, especially those concerning safety issues like unintended acceleration, can lead to negative public perception and potentially impact sales and stock performance. Although Tesla has not reported any injuries or accidents, the recall covers a significant portion of Cybertrucks delivered, highlighting the severity of the issue. The company's proactive approach to fixing the problem may mitigate some negative effects, but investor sentiment could still be affected in the short term.
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