The move, sparked by fears over a loss of power steering assist on some models, may affect the company's share price—which has already been hit as a result of Musk's new job asThe recall relates to the 2017 to 2021 Model S and Model X vehicles, according to news agency Reuters, amid concerns that drivers may experience a loss of power steering assist when driving on rough roads or after hitting a pothole.
Tesla boss Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, California on March 14, 2019.The Texas-based electric vehicle manufacturer has released an over-the-air software update to recalibrate the system after it began rolling out an update on October 11, the agency added. The National Highway Traffic Safety Administration said a loss of power steering assist can require greater steering effort, especially at low speeds, increasing the crash risks.The automaker said that as of November 1 more than 97 percent of the recalled vehicles have installed the update that has already addressed the recall issue.on Monday, plunging just over five percent to $197.08.
MarketWatch published a report earlier that day noting that shares of Tesla Inc. were heading towards a drop below $200, which would be the first sub-$200 mark in 17 months. The article noted that investors may be demonstrating concern that Musk would be distracted as a result of his new role at Twitter.
Bill Gates gonna short it?
Trash, but expensive! Expensive, but trash...
BoycottTesla
Newsweek is writing false titles to spread oil industry propaganda.
Good hope tesla fails miserably. Twitters days are numbered Tesla is next .
Bet he blames their stock slipping on Biden.
I HOPE elonmusk LOSES BILLIONS IN Tesla and Twitter
now tell us how many other vehicle brands have been recalled.
General Motors recall 2022: 484K SUVs Entire market is slumping. Do better journalism
It’s not a recall, but an over the air software update