Tesla Recalls Over 1.8M Vehicles Over Concerns Of Unlatched Hood Opening When Driving
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is recalling over 1.8 million vehicles in the U.S. due to concerns that an unlatched hood can fully open while driving, obstructing the driver’s view and increasing crash risks. The recall affects various models, and Tesla has released a software update to fix the issue. This is Tesla's second-largest recall this year.
July 30, 2024 | 10:08 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla is recalling over 1.8 million vehicles in the U.S. due to concerns of unlatched hoods opening while driving. A software update has been released to fix the issue. This is Tesla's second-largest recall this year.
The recall of over 1.8 million vehicles due to a safety concern is likely to negatively impact Tesla's stock price in the short term. Although Tesla has released a software update to fix the issue, the scale of the recall and the potential safety risks could affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100