Tesla (NASDAQ: TSLA) shares edged lower on Friday after the EV giant recalled 2.2 million U.S. vehicles due to concerns about undersized warning lights on the instrument panel.
Tesla has issued a recall for 2.2 million vehicles in the United States as federal safety regulators point out a crucial problem with warning lights on the display.
The National Highway Traffic Safety Administration (NHTSA) uncovered the issue during a routine audit of Tesla vehicles. According to the agency, the brake, park, and antilock brake warning lights have a font size smaller than what is mandated by federal safety standards. This could pose a grave risk as critical safety information may be hard to read, potentially increasing the likelihood of accidents.
However, the good news is that Tesla plans to fix the problem with a simple over-the-air software update. This means Tesla owners won’t need to take their vehicles to a service center for the fix.
The recall applies to most Tesla vehicles on U.S. roads, including the newly launched Cybertruck pickup, the Model X and Model Y SUVs up to the 2024 model year, and the Model S and Model 3 sedans up to the 2023 model year.
While Tesla has identified three warranty claims that could be linked to the font size issue, there have been no reports of crashes or injuries associated with this problem. The company assures the public that the corrective measures are being implemented swiftly to ensure the safety of Tesla vehicle owners.
Tesla (NASDAQ: TSLA) Stock Performance
TSLA stock dropped 0.50% to close at $187.91 on Friday. The traders had exchanged hands with 110,309,338 (110.30 million) shares compared to the average daily trading volume of 117.13 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
