Tesla (NASDAQ:TLSA) issued a recall of more than 2 million vehicles as part of a software update that will fix a problem with all vehicles equipped with Autosteer.
What Happened: The recall affects nearly every Tesla on U.S. roads.
Shares in the electric vehicle maker fell just 2.9% in morning trade on Wall Street. Shares, at the time of writing, are down 1.15%.
It’s a reasonably mild drop considering the stock’s 71% gain for 2023.
Also, auto recalls are nothing new. In 1981, Ford Motor Company (NYSE:F) issued a recall on 21 million vehicles. It also holds second place on the league table of biggest recalls of all time, with 9 million vehicles in 2004.
When Toyota (NYSE:TM) recalled 9 million vehicles (third on the league table) in ...