Tesla Inc is recalling 239,382 vehicles in the US over concerns of a loss of rearview camera image. This issue arises when the computer circuit board shorts, resulting in the loss of the rearview camera image.
What Happened
The US auto safety regulator has stated that the recall is due to a potential short in the computer circuit board. To resolve this 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 circuit board failure and replace the affected computers at no cost to the customer.
Affected Vehicles
The recall population includes:
- 2024-25 Model 3 and Model S vehicles
- 2023-25 Model X and Model Y vehicles
Incident Reports
The company has reported that it is not aware of any collisions, injuries, or fatalities owing to this issue.
Recent Developments
Earlier this week, an investigation was opened into 2.6 million Tesla vehicles equipped with the company’s full self-driving driver assistance technology. This followed a complaint alleging that the use of the “Actually Smart Summon” feature led to a crash. The “Actually Smart Summon” feature allows users to remotely move their vehicle towards themselves or to another nearby location through the company’s phone app.
Recall History
In 2024, Tesla issued 15 recalls, impacting over 5.13 million vehicles. However, the majority of these recalls were fixed with over-the-air (OTA) software updates, and only a select few required vehicle owners to visit a service center to resolve an issue.
Stock Performance
Tesla shares closed up 0.15% at $394.94. The stock is up 1.27% year-to-date. The company has a consensus “neutral” rating and a price target of $293.23 based on the ratings of 34 analysts. The highest price target of $515 was issued by Mizuho on December 17, 2024, and the lowest of $24.86 by GLJ Research on January 3.
Conclusion
The recall of over 239,000 vehicles in the US is a significant development for Tesla. However, the company’s ability to resolve the issue with an over-the-air software update and its commitment to replacing affected computers at no cost to the customer demonstrates its dedication to customer safety and satisfaction.