19 January 2022

Reuters: “Tesla recalls almost half a million electric cars over safety issues”

The model years affected in the recall range from 2014 to 2021, and the total number of recalled vehicles is almost equivalent to the half a million vehicles Tesla delivered last year.

Around 200,000 Tesla vehicles will be recalled in China, the country’s market regulator said on Friday.

The U.S. electric vehicle manufacturer is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due to front hood problems, the federal regulator said.

Hyunjoo Jin

Turns out having a chaotic manufacturing process and an unpredictable boss do eventually have negative consequences. Evidently it’s not the first time Tesla issued recalls, struggled with glaring faults, or rolled back software upgrades, but to recall a year’s worth of deliveries is remarkable. The stock market though has blissfully ignored the signal, as it has done in the past, and Tesla’s stock barely moved on the news. Ironically, just days before this was announced, Elon Musk sold another $1 billion in Tesla shares (overtly to pay a massive anticipated tax bill) – almost as if he expected significant negative news around the company…

I wonder if these recurring issues with Tesla cars will at some point start to erode public confidence in electric vehicles. They are meant to be safer for the environment and cheaper to maintain because of less complex components, but if standard gear such as rearview cameras and front hoods are unreliable people might think twice about switching to an electric car, despite other benefits.

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