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.
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.