Tesla issues an over-the-air fix for vehicles, including the Model Y, Model 3, Model S, and Model X, because their software may not alert drivers if the front hood is not fully closed.
Tesla recalled 1.8 million cars due to a software bug affecting hood latches, but this didn’t require a dealer visit, just an over-the-air update. Such recalls are common for Tesla and rarely affect stock prices. Tesla and other automakers frequently issue recalls; for instance, Tesla recalled 6.6 million cars in the past year. A recent video by The Wall Street Journal highlighted crashes involving Tesla’s driver-assistance system, although these incidents occurred years ago. The National Highway Traffic Safety Administration (NHTSA) has increased oversight of driver-assistance technologies, with Tesla being the most transparent. Despite incidents reported by Tesla’s telematics system, no system currently allows full driver disengagement. Recent drops in Tesla’s stock price may be due to market fatigue after a previous rise. Analyst Adam Jonas still views Tesla positively, citing growth in autonomous vehicles, energy storage, and AI. Despite a slowdown in EV sales growth, Jonas values Tesla’s stock at $310, supported by its other business ventures.
