Tesla, the electric vehicle giant led by Elon Musk, is initiating a massive recall of over 1.8 million vehicles in the United States due to a software issue that could compromise driver safety. The National Highway Traffic Safety Administration (NHTSA) announced that the problem stems from a failure in the software to detect an unlatched hood, which could potentially obstruct the driver’s view and increase the risk of a crash.The recall affects a wide range of Tesla models, including certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles. According to Tesla, the affected vehicles are equipped with a hood latch manufactured by Magna Closures Co Ltd in China.To address this issue, Tesla has already begun rolling out an over-the-air software update. The update is designed to detect an open hood and alert drivers to the situation, mitigating the risk associated with the software failure. Tesla owners are expected to receive official notification about the recall by mail starting September 22, 2024.This recall marks Tesla’s largest since December 2023, when the company recalled 2.03 million US vehicles to install new safeguards in its Autopilot system. The company began investigating the current issue in March 2024 after receiving complaints from Chinese customers who experienced unintended hood openings.Despite the scale of the recall, Tesla has reported no accidents, injuries, or deaths related to this issue. However, the recall comes at a time when the electric vehicle market is experiencing a decline, with a reported 16.4% drop in electric vehicle registrations in the first half of 2024.The recall has attracted attention from investors, with Tesla’s market capitalization remaining solid at $741.480 million. However, the company’s high price-to-earnings ratio of 59.02 suggests that investors are expecting high future growth from the electric vehicle manufacturer.
Key points
- Tesla is recalling over 1.
- The recall affects various Tesla models produced between 2020 and 2024.
- Tesla has released an over-the-air software update to address the issue.
- No accidents, injuries, or deaths have been reported related to this issue.
- This is Tesla’s largest recall since December 2023.
8 million vehicles in the US due to a software issue that may fail to detect an unlatched hood.
Contradictions👾Some sources report the recall affecting vehicles from 2020-2024, while others mention 2017-2024.
There’s also a slight discrepancy in the number of affected vehicles, with most sources citing 1.
8 million, but some specifying 1.
85 million.
