tl;dr
Tesla (NASDAQ:TSLA) has announced a recall for over 1.62M vehicles, including multiple models exported to China, due to issues with automatic assisted steering and door latch controls, which pose an increased risk of accidents. The affected units include 1.61M imported Tesla Model S, Model X, Model ...
Tesla (NASDAQ:TSLA) has announced a recall for over 1.62M vehicles, including multiple models exported to China, due to issues with automatic assisted steering and door latch controls, which pose an increased risk of accidents. The affected units include 1.61M imported Tesla Model S, Model X, Model 3, and Model Ys, with an additional 7,538 units of Models S and X EVs facing door latch issues. This recall follows a similar action in the U.S. last month, impacting over 2M units. Tesla Motors in Beijing and Shanghai plans to rectify the problems using remote upgrades, but shares of the EV maker were down 0.92% in premarket trading on Friday.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, the company had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. Tesla Energy, a subsidiary of the company, is a major installer of solar photovoltaic energy generation systems and one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020. The stock performance metrics indicate a market capitalization of 758.09 billion, with a price-to-earnings ratio of 77 and a 52-week high of 30.28. The Relative Strength Index (RSI) stands at 0.112, indicating a neutral sentiment. However, it's important to note that past market behavior is not always a reliable indicator of future performance.
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