Tesla, the leading electric car manufacturer, has to recall almost 1.85 million vehicles due to a possible fault in the hood. Series 3, S, X and Y models from 2020 to 2024 are affected. A software update is intended to fix the problem.
Background to the recall
The US National Highway Traffic Safety Administration (NHTSA) reported on Tuesday that the system of some Tesla-vehicles may not recognize when the hood is not properly latched after opening. This could cause the hood to open fully while driving and increase the risk of an accident.
Tesla's measures
Tesla began distributing an over-the-air update on June 18 to fix the problem. As of July 20, the company was not aware of any accidents due to the defect, but the issue has been reported in some vehicles. Despite the update, the NHTSA is officially listing the issue as a recall, which the Tesla-share price fell by 4.08 percent to 222.62 US dollars.
Effects on the market
Tesla is known for innovative technologies, but also for recurring recalls. The current recall affects almost two million vehicles and is another example of the challenges facing the electric car manufacturer. The recall is one in a series of recalls that could affect investor confidence.
Next steps
Tesla will continue to carry out updates and possible hardware checks to ensure the safety of the affected vehicles. The exact impact on vehicles in Europe is currently unclear, but a global expansion of the measures cannot be ruled out.
Conclusion
While Tesla is the market leader in advanced vehicle technologies, quality assurance remains an ongoing challenge. Investors and customers are watching with interest how Tesla how this recall will be handled and what measures will be taken to avoid future problems.
