Tesla Recalls 1.7M Vehicles In China Over Concerns Of Front Trunk Opening When Driving, After Recalling 1.8M Vehicles In US Over Similar Problems: To Fix Issue Via Over-The-Air Software Upgrade
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) is recalling 1.7 million vehicles in China due to concerns that the front trunk may open while driving, potentially causing crashes. This follows a similar recall of 1.8 million vehicles in the U.S. The issue will be addressed via an over-the-air software update.
August 07, 2024 | 7:04 am
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Tesla is recalling 1.7 million vehicles in China due to concerns that the front trunk may open while driving, potentially causing crashes. This follows a similar recall of 1.8 million vehicles in the U.S. The issue will be addressed via an over-the-air software update.
The recall of 1.7 million vehicles in China due to safety concerns is significant and follows a similar recall in the U.S. This could negatively impact Tesla's stock price in the short term due to potential reputational damage and regulatory scrutiny. However, the over-the-air software update solution may mitigate some of the negative impact.
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