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How will Tesla's stock price change following the recall announcement by January 31, 2025?
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Story
Tesla Recalls 694,304 Vehicles Including 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y Over Tire Pressure Monitoring Issue
Dec 20, 2024, 04:00 PM
Tesla has announced a recall of 694,304 vehicles in the United States due to issues with the tire pressure monitoring system (TPMS). The National Highway Traffic Safety Administration (NHTSA) indicated that the malfunction may prevent the warning light from illuminating, which could lead drivers to operate vehicles with improperly inflated tires, increasing the risk of a crash. The recall impacts several models, including the 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y. This recall adds to Tesla's ongoing quality control challenges as the company continues to expand its production capabilities.
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