Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
By Michael Elkins
The National Highway Traffic Safety Administration (NHTSA) reported over the weekend that electric vehicle maker, Tesla Inc (NASDAQ:TSLA) has issued a recall notice for 3,470 Model Y vehicles in the U.S. built between 2022 and 2023.
According to the NHTSA report, bolts in the second-row seats may be loose. The report says the recall affects the second-row seat back frames of Model Y vehicles, as the bolts securing the frames may not be securely tightened, which the NHTSA says could reduce the performance of the seat belt system and increase the risk of injury during a crash.
Tesla said it became aware of the defect in December and began to perform risk assessments the following year.
Owners of the recalled vehicle can take their Model Y to a Tesla service center, which will inspect and tighten the bolts for free.
This is the second time in less than a month 2022-2023 Model Y were recalled. In Feburary, 2020-2023 versions of the Tesla Model Y were part of the 362,758 vehicles facing a recall because cars with the full self-driving beta software may be "unsafe around intersections." The recall would require a software upgrade, as the company said it will release an over-the-air software update, free of charge.
Shares of TSLA are up 0.47% in premarket trading on Monday.