Tesla to Recall 1.62 Million Vehicles in China Over Safety Glitches

Summary

  • Electric car producer, Tesla, is set to recall 1.62 million vehicles in China, states the China State Administration for Market Regulation.
  • Tesla had previously recalled cars in the United States due to safety issues with its Autopilot system and issues with door locks.
  • An over-the-air software update will be employed to rectify these problems in the affected vehicles, which include Tesla models S, X, 3 and Y constructed between 2014 to 2023.
  • In pre-market trading on Friday, Tesla shares sagged by 0.79%.

Tesla’s Recall in China

The China State Administration for Market Regulation made an announcement this Friday about Tesla’s plans to recall 1.62 million vehicles in China. This follows two recalls initiated in the United States in December of the previous year.

Software Update to Fix Glitches

The American car manufacturer plans to implement an over-the-air software update on the troubled vehicles to rectify glitches pertaining to automatic assisted steering and door lock controls. According to the regulatory body, these malfunctions may increase the chances of vehicle crashes by potentially promoting a driver’s “misuse” of Autopilot capabilities.

Affected Vehicle Models

Vehicles impacted by the recall include Tesla’s S, X, 3, and Y models that were manufactured in China between 2014 and 2023.

Recalls in the US

In the US, Tesla initiated a recall of over 2 million vehicles to revise safety procedures within its Autopilot advanced driver-assistance system, following safety issues raised by a federal regulator. Moreover, the firm also recalled about 120,000 Model S and Model X vehicles due to the risk of doors potentially unlocking and opening during a collision.

Following these revelations, Tesla’s shares (TSLA) fell by 0.79% during pre-market trading this Friday.

The ongoing disruption with Tesla’s vehicle recalls may influence financial market trends and trading, particularly affecting the company’s shares and potentially related assets.

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