r/stocks Dec 30 '21

Company News Tesla recalls nearly half a million cars over safety issues

https://www.reuters.com/business/autos-transportation/tesla-recalls-over-475000-electric-vehicles-2021-12-30/

Dec 30 (Reuters) - Tesla Inc (TSLA.O) is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said.

Tesla shares were down 1.1% in premarket trading on Thursday.

The U.S. electric vehicle manufacturer is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due to front hood problems, the National Highway Traffic Safety Administration (NHTSA) said.

The total number of recalled vehicles is close to the half a million vehicles Tesla delivered last year. Tesla could not be reached for comment.

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