Tesla Recalls 2.98M Vehicles in China, Wins 5,000 Robotaxi Permits in Las Vegas
TSLA sits 22% above its 52-week low of $297.38.
Summary
Tesla is recalling approximately 2.98 million vehicles in China due to hard-to-find emergency door releases, affecting Model 3, Y, S, and X. About 2.74 million China-made Model 3 and Y vehicles will receive an over-the-air update adding in-cabin camera and steering-torque checks. Separately, Nevada approved permits for Tesla to deploy up to 5,000 robotaxis in Clark County over the next 12 months, the largest single allocation among operators. The company also stopped selling Solar Roof tiles through its certified installer network, shifting installers to conventional solar panels supplied by Tesla. The recall is a significant regulatory and safety event in Tesla's largest market, while the robotaxi approval marks a major expansion of its autonomous ride-hailing ambitions.
At the time of this announcement, TSLA was trading at $363.92 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.