Tesla Recalls 321,000 Model 3, Model Y Cars

RTTNews | 910 days ago
Tesla Recalls 321,000 Model 3, Model Y Cars

(RTTNews) - Tesla Inc. is recalling more than 321,000 vehicles in the United States citing issues with the tail lights.

In a filing with the National Highway Traffic Safety Administration or NHTSA, the luxury electric vehicles maker said the recall includes some 2023 Model 3 and 2020-2023 Model Y vehicles.

The company noted that in rare instances, taillamps on one or both sides of affected vehicles may intermittently illuminate due to a firmware anomaly that may cause false fault detections during the vehicle wake up process.

A taillamp that intermittently illuminates may result in reduced visibility in dark conditions, causing increased risk of a collision.

Meanwhile, brake lamps, backup lamps and turn signal lamps are not affected by this condition and continue to operate as designed.

The recall was issued after receiving customer complaints primarily from foreign markets.

As of November 14, Tesla identified 3 warranty claims over the issue. However, there are no reports of any crashes, injuries, or deaths related to this condition to date.

Tesla said it will deploy an over-the-air or OTA firmware update to correct the firmware anomaly that may cause false fault detections during the vehicle wake up process, which will ensure that all taillamps operate as designed.

Tesla very recently recalled about 30,000 Model X cars in the U.S. due to an issue that can cause the front passenger airbag to deploy incorrectly in some situations. Earlier in November, the company called back more than 40,000 Model S and Model X vehicles due to a software issue with power steering assist.

In 2022, Tesla has so far issued 19 recalls in the country, including more than a million vehicles due to windows that were not working properly.

read more
Tesla Chair Denies Report Of CEO Search To Replace Elon Musk

Tesla Chair Denies Report Of CEO Search To Replace Elon Musk

Tesla Inc. chair Robyn Denholm has denied a Wall Street Journal report that its board was searching for a replacement for Chief Executive Officer Elon Musk. On the social media platform X, she called the report as "absolutely false." Shares of Tesla had fallen around 3 percent on Wednesday's trading following the news. However, with the denial of the report, the stock is currently gaining.
RTTNews | 18 days ago
Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1

Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1

Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May. The announcement on the luxury electric vehicle maker's earnings call came after reporting..
RTTNews | 26 days ago
Tesla Stock Hit On First Decline In Annual Deliveries

Tesla Stock Hit On First Decline In Annual Deliveries

Shares of Tesla, Inc. fell around 6.1 percent on Thursday's regular trading after the luxury electric vehicle maker reported a decline in annual deliveries for the first time. The company also reported weak production in the year and in the fourth quarter, while quarterly sales were higher. On the Nasdaq, Tesla stock moved 1.1 percent higher in the extended trading on Thursday.
RTTNews | 136 days ago
Elon Musk's $56 Bln Pay Package Not To Be Reinstated, Judge Rules

Elon Musk's $56 Bln Pay Package Not To Be Reinstated, Judge Rules

Tesla Inc. Chief Executive Officer Elon Musk's $56 billion pay package, which was approved by its shareholders, has been rejected by a Judge for the second time, noting that the compensation plan was improperly granted. Meanwhile, Tesla said the court's decision is wrong, and that the electric vehicle maker is going to appeal.
RTTNews | 167 days ago
Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval

Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval

Rivian Automotive Inc.'s shares gained around 13 percent on Monday's regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous day's extended trading, after Rivian announced...
RTTNews | 174 days ago
Tesla Stock Climbs On Upbeat Earnings, FY24 Volume Growth View

Tesla Stock Climbs On Upbeat Earnings, FY24 Volume Growth View

Shares of Tesla Inc. climbed more than 12 percent in the after-hours on Wednesday and are currently up around 11 percent in the pre-market activity on the Nasdaq after the luxury electric vehicle maker reported higher profit in its third quarter, above market estimates, benefited by volume growth. Looking ahead to fiscal 2024, the company projects slight growth in vehicle deliveries...
RTTNews | 207 days ago
Tesla Unveils Robotaxi Cybercab, But Stock Down

Tesla Unveils Robotaxi Cybercab, But Stock Down

Shares of Tesla Inc. were losing more than 8 percent in the early morning trading on the Nasdaq on Friday following the electric vehicle maker's long-awaited robotaxi event, which showcased Cybercab self-driving concept car. The event perhaps failed to impress investors and Wall Street analysts.
RTTNews | 220 days ago
NTSB Probes Tesla Semi Truck Crash And Fire

NTSB Probes Tesla Semi Truck Crash And Fire

The National Transportation Safety Board or NTSB has opened an investigation into the recent crash and fire of a Tesla Inc. Semi truck in California. In the incident, the Tesla Semi ran off the road on Interstate 80 near Emigrant Gap, California in the early morning Monday. Though no one was injured in the accident, the vehicle's battery subsequently caught fire and the freeway in both directions.
RTTNews | 270 days ago