Tesla has issued a sweeping recall for almost half a million of its electric vehicles. The company sent the notice Thursday, December 30, according to financial site Barron’s. Surprisingly, the recall covers every Model 3 vehicle sold between 2017 and 2020. Some Model S vehicles manufactured during that period have also been recalled.
Read on for information regarding the recall, the faulty Tesla components, and what to do if your vehicle is covered under the notice.
Tesla has initiated a recall of nearly half a million electric vehicles manufactured between 2017 and 2020. The National Highway Traffic Safety Association reports that 475,318 vehicles are covered under the notice. That includes 356,309 Model 3 sedans and 119,109 Model S luxury cars. In both cases, the recall is due to failures in their trunk latching systems.
The Model 3 issue can result in the cable for the rearview camera becoming damaged when owners open and close the trunk compartment.
According to an official statement from the American automaker, the affected Model S cars share this production defect. As such, “the front trunk latch assembly may be misaligned, preventing the secondary hood latch from engaging.”
The manufacturer believes that only one percent of Model 3 vehicles will display the hardware failure despite the production defect. Conversely, as much as 14 percent of recalled Model S vehicles will show evidence of the manufacturing error.
If you own a recalled vehicle, you will be notified via mail by Tesla. The problem in both cases is caused by a misalignment of otherwise functional components, so Tesla believes that it will be easy to affect repairs. The Model S issue can be rectified by realigning the trunk’s latching mechanism at an official Tesla service center.
The Model 3 error poses different challenges to the manufacturer. Tesla will replace damaged camera cables free of charge at service centers. Certified repair personnel will also install a guide protector and new cable harness to prevent the issue from occurring in the future.
Tesla’s stock price dipped Thursday morning with the news of the recall. The company’s shares plummeted in the fourth quarter of 2021 after CEO Elon Musk initiated a sell-off of millions of Tesla shares. The move flooded the market with shares of the American automaker, diluting stock prices.
After Musk confirmed that he had completed his sell-off, Tesla’s stock rebounded back above $1,000 for the first time in weeks.