Tesla Recalls Over Two Million Vehicles Produced Since 2012 Over Autopilot Failures
Over two million Tesla (NASDAQ: TSLA) vehicles are being recalled following an investigation by the National Highway Traffic Safety Administration into its famed Autopilot software.
The recall is related to the Autopilot system, which the NHTSA says is defective, with consumers able to misuse the system by evading the systems method of ensuring drivers are paying attention while using Autopilot.
The recall will see a software update issued to correct the problem. The update is said to include additional controls and alerts that will “further encourage the driver to adhere to their continuous driving responsibility.” The update is to begin rolling out on Tuesday for certain affected models, while others will receive an update at a later date, with specifics not provided.
The recall covers models 3, Y, S and X produced between October 5, 2012, and December 7, 2023.
In addition to the driver monitoring system, the update is slated to limit where Autosteer, part of the Autopilot program, can be used.
The recall is part of an investigation that began in August 2021 by the NHTSA, following a series of collisions that occurred between first responder vehicles and Teslas that were operating with the Autosteer feature engaged. Tesla notably did not agree with the agency’s analysis of the problem, however agreed to voluntarily administer a recall.
Tesla last traded at $237.01 on the Nasdaq.
Information for this story was found via the NHTSA, Associated Press, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
