Tesla recalls almost 4,000 Cybertrucks over faulty accelerator [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
A safety recall report from the National Highway Traffic Safety Administration said that 3,878 of the vehicles would be recalled for repair — including all those manufactured between Nov. 13, 2023, and April 4. "On affected vehicles, when high force is applied to the pad on the accelerator pedal, the pad may dislodge, which may cause the pedal to become trapped in the interior trim above the pedal," the report said. The recall adds to a run of bad news for Tesla. On Monday, the company laid off 10% of its workforce after disappointing company earnings showed a decline in the number of cars it delivered in the first three months of the year. Its stock price has fallen nearly 40% this year, and Tesla has reportedly stopped development of a cheaper vehicle option so it can focus on self-driving robotaxis —a move that has made some analysts more pessimistic about the company. The Cybertruck has done little to change that narrative. The futuristic-looking vehicle has generated plent
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TSLA
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- 4/23/24 - Beat
TSLA
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- TSLA's page on the SEC website