Business
business
Rani Molla

Buckle up: another Tesla recall

Tesla has issued another recall, this one over seat belts that fail to warn drivers when they’re unbelted, Reuters reports. The struggling electric car company has issued a number of recalls this year, including two for its long-awaited Cybertruck, amid a 14% decline in its stock price. This is all while its CEO Elon Musk fights for shareholder approval for his record $56 billion pay package. The latest recall affects 125,000 cars and is just the latest example of chaos in Tesla town. The company plans to release an over-the-air software update to fix this issue, with deployment expected to start in June.

More Business

See all Business

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.