Tesla Recalls 27,185 Cybertruck Vehicles Over Rearview Camera Delay
Portfolio Pulse from Nabaparna Bhattacharya
Tesla has recalled 27,185 Cybertruck vehicles due to a rearview camera delay, which violates safety standards. A free software update will address the issue. This follows previous recalls for other issues. Tesla's Q3 deliveries and production have increased, but shares are down 2.31%.
October 03, 2024 | 4:25 pm
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Tesla has recalled 27,185 Cybertruck vehicles due to a rearview camera delay, which does not meet safety standards. A free software update will fix the issue. This is part of a series of recalls for the Cybertruck.
The recall of a significant number of Cybertrucks due to a safety issue could negatively impact Tesla's stock price in the short term. Although the issue is being addressed with a free software update, the recall adds to a series of recent recalls, potentially affecting investor confidence. The stock is already down 2.31%, indicating market reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100