Tesla (TSLA) recalls 40,000 U.S. vehicles

Electric car maker, Tesla Inc. (NASDAQ: TSLA) is down 1.10% in pre-market trading on Tuesday after the company announced a recall on 40,000 2017-2021 Model S and Model X vehicles. According to the recall, the vehicles may experience a loss of power steering assist when driving on rough roads or after hitting a pothole.

The National Highway Traffic Safety Administration said a loss of power steering assist can require greater steering effort, especially at low speeds, increasing the crash risks.

Tesla said it had identified 314 vehicle alerts for this condition among U.S. vehicles that may be related to the recall but said it is unaware of any injuries or deaths related to this condition. The company released an over-the-air software update to recalibrate the system after it began rolling out an update on Oct. 11 to better detect unexpected steering assist torque. As of Nov. 1st more than 97% of the recalled vehicles have installed an update that has already addressed the recall issue.

Separately, Tesla is recalling 53 2021 Model S exterior side rearview mirrors that were built for the European market that do not comply with U.S. "Rear Visibility" requirements. The mirrors were installed during U.S. service visits.

By Michael Elkins | [email protected]

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