NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Tesla Recalls Over 3,800 Cybertrucks, Cites Unintended Acceleration Risk

Published 19/04/2024, 11:55
© Reuters.  Tesla Recalls Over 3,800 Cybertrucks, Cites Unintended Acceleration Risk
TSLA
-

Benzinga - by Anan Ashraf, Benzinga Editor.

EV giant Tesla Inc (NASDAQ:TSLA) is recalling 3,878 Cybertruck vehicles over concerns of unintentional acceleration.

What Happened: The company said in a filing with the U.S. auto safety regulator National Highway Traffic Safety Administration that the accelerator pedal pad on the affected vehicles may dislodge and become trapped by the interior trim above the pedal, thereby causing it to accelerate without the driver intending to.

However, the vehicle will stop once the brake pedal is applied, the company explained.

As for a solution, the company said it would replace or repair the accelerator pedal assembly, free of charge to the customer.

Tesla said that it is not aware of any collisions or injuries relating to the pedal issue identified. The company is now equipping Cybertrucks in production with new accelerator pedals. Those vehicles in the process of delivery but yet to reach the customer will receive the remedy before it is handed over, it added.

Why It Matters: The recall likely impacts a whopping majority of the Cybertruck vehicles delivered by Tesla to date.

Though Tesla does not give model-wise delivery numbers, automotive research company Kelley Blue Book pegs the number of Cybertrucks delivered in the first quarter at just 2,803 units. The company started delivering the Cybertruck only on November 30.

Earlier this week, The Wall Street Journal reported that the company had briefly halted Cybertruck deliveries. The report also flagged potential issues with the pickup truck’s accelerator pedal.

However, Musk took to X on Wednesday to clarify that the move was precautionary.

“There were no injuries or accidents because of this. We are just being very cautious,” Musk wrote.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read More: No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned ‘Complex And Inefficient’

Photo via Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.