Electric vehicle giant Tesla is recalling 239,382 vehicles in the US due to concerns over the loss of rearview camera images. The recall, announced by the National Highway Traffic Safety Administration (NHTSA), affects several models of Tesla vehicles.
The Issue
The problem lies in the computer circuit board, which may short, resulting in the loss of the rearview camera image. To resolve the issue, Tesla has released an over-the-air software update. Additionally, the company will identify vehicles that have experienced a circuit board failure or are under stress that may lead to a failure and replace the affected computers at no cost to the customer.
Affected Models
The recall population includes:
- 2024-25 Model 3 vehicles
- 2024-25 Model S vehicles
- 2023-25 Model X vehicles
- 2023-25 Model Y vehicles
Safety Record
According to Tesla, there have been no reported collisions, injuries, or fatalities related to this issue.
Recent Recalls
This recall is not an isolated incident. Earlier this week, the NHTSA opened a probe into 2.6 million Tesla vehicles equipped with the company’s full self-driving driver assistance technology. In 2024, Tesla issued 15 recalls, impacting over 5.13 million vehicles. However, most of these recalls were resolved with over-the-air software updates, and only a few required physical repairs.
Smart Summon Feature
The NHTSA probe is related to Tesla’s “Actually Smart Summon” feature, which allows users to remotely move their vehicle towards themselves or to another nearby location using the company’s phone app.
Stock Performance
Tesla’s stock closed up 0.15% on Thursday at $394.94 and is up 1.27% year-to-date. The company has a consensus “neutral” rating and a price target of $293.23 based on analyst ratings.
Analyst Ratings
The highest price target for Tesla is $515, issued by Mizuho, while the lowest is $24.86, issued by GLJ Research.
Conclusion
The recall of nearly 240,000 US vehicles is a significant move by Tesla to address the issue of defective rearview camera displays. With a strong focus on safety and customer satisfaction, Tesla is taking proactive steps to resolve the problem and prevent any potential accidents.