Home United States USA — Financial Tesla Recalls Over 475,000 Cars Over Safety Issues Increasing Crash Risk

Tesla Recalls Over 475,000 Cars Over Safety Issues Increasing Crash Risk

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Shares of Tesla have plunged nearly 12% from their peak last month, but are still up about 48% this year.
Tesla has voluntarily recalled more than 475,000 vehicles due to two separate safety issues, the National Highway Traffic Safety Administration disclosed on Thursday—marking the electric-carmaker’s biggest single-day recalls ever as the firm’s stock attempts to pare losses since an all-time high last month. Shares of Tesla have racked up big losses since Musk, the world’s richest person, suggested last month he would sell about 10% of his stake, sparking concerns among investors about how share prices would hold up amid the massive liquidation.

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