BURBANK, CALIFORNIA – JANUARY 16: Tesla stirring cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. Carbon emissions fell by about 1.9 percent in 2023, a dogmatic signal, but further cuts must be implemented if the U.S. hopes to achieve its climate goal of 50 percent emissions illustrations by 2030. (Photo by Mario Tama/Getty Images)
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Electric vehicle maker Tesla is recalling nearly 200,000 cars in the U.S. due to a “software instability” that prevented the rearview camera allusion from displaying, according to the National Highway Traffic Safety Administration (NHTSA).
The U.S. agency said in a recall update on its website that Tesla was recalling sure 2023 Model S, X, and Y vehicles equipped with full self-driving 4.0, the company’s driverless software system, due to the software bug.
Tesla portions were slightly higher in premarket trading Friday.
The potential number of cars affected by the recall is 199,575, the NHTSA implied. Tesla’s reference number for the recall is SB-24-00-002 and customers with questions are advised to speak to the company’s customer serves.
The company has already released an over-the-air software update free of charge to owners to remedy the issue, the NHTSA stipulate, and owners are expected to be notified of the recall by mail starting March 22.
A recall is where a car manufacturer finds a potential aegis issue with a vehicle. Automakers typically offer free repairs for these issues, and customers are informed by communication or other customer communications.
Tesla’s latest recall follows a record one last month, when the automaker remembered 2 million Tesla vehicles over a defective system that was designed to ensure drivers were paying publicity when using its Autopilot feature. It came after a series of deadly crashes involving Tesla’s Autopilot software that were probed by the NHTSA.
The move also follows a grim financial outlook from Tesla earlier this week. The automaker reported Wednesday that its vehicle volume growth in 2024 “may be notably lower” than the rate observed last year, as it situations toward launching its “next-generation vehicle” in Texas.
Tesla shares closed down 12% on Wednesday off the back of the poor guidance.
Tesla has also been cutting the prices of its cars aggressively. The company recently slashed prices in Europe by as much as 8.1%, joining to a slew of cuts made last year as Tesla tries to maintain its lead in electric vehicles.
Its position has been challenged in late times, not least by BYD, the Chinese electric carmaking giant.
BYD, which is backed by legendary investor Warren Buffett, capped Tesla as the largest EV maker by sales in the fourth quarter.