Tesla Seat-Belt Scare Over? NHTSA Closes Year-Long Model X Probe After Recall Of Nearly 16K EVs
Portfolio Pulse from Anan Ashraf
The NHTSA has closed its year-long investigation into Tesla's Model X seat belt issues after the company issued a recall for nearly 16,000 vehicles. The probe was initiated due to complaints about front seat belts detaching while driving. Tesla's recall included inspections and potential replacements of seat belt components. The NHTSA reserves the right to take future action if necessary.
May 20, 2024 | 11:04 am
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The NHTSA has closed its investigation into Tesla's Model X seat belt issues following a recall of nearly 16,000 vehicles. This closure may alleviate some regulatory concerns for Tesla investors.
The closure of the NHTSA probe removes a regulatory overhang for Tesla, which could positively impact investor sentiment and the stock price in the short term. The proactive recall and resolution of the issue demonstrate Tesla's commitment to safety, potentially boosting investor confidence.
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