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Tesla recalls thousands of Cybertrucks due to accelerator issue
Tesla is recalling almost 4,000 Cybertrucks due to a faulty accelerator pedal that may pose a safety risk, as reported by the U.S. National Highway Traffic Safety Administration (NHTSA).
Tesla has initiated a recall for nearly 4,000 of its Cybertruck vehicles due to an issue with the accelerator pedal that could pose a safety risk. The recall affects all 2024 Cybertruck models manufactured between November 13, 2023, and April 4, 2024. According to the U.S. National Highway Traffic Safety Administration (NHTSA), a rubber cover on the accelerator pedal could come loose and get lodged in the interior trim, causing the vehicle to unintentionally accelerate and increase the risk of a crash.
This problem came to light after a video surfaced on social media platforms, including billionaire Tesla CEO Elon Musk's X platform and TikTok, showing the accelerator pedal sticking. The video quickly went viral, being watched millions of times. Following this, Tesla was in contact with the NHTSA and reportedly temporarily halted sales and deliveries of the Cybertruck. Tesla plans to repair or replace the accelerator pedal assembly at no charge to the affected customers, who will receive notification letters in June.
So far, Tesla has reported no collisions, injuries, or deaths related to this accelerator pedal fault. However, the recall comes at a time when Tesla has already faced three recalls this year, affecting about 2.4 million vehicles over various issues, including a software update for warning light panels' font size being too small to comply with safety standards.
The overall impact of these recalls, including the Cybertruck's, has contributed to a decline in Tesla's stock price. As of late April 2024, shares fell by 1.1% to about $148. The Cybertruck recall, combined with discounts on Tesla's Full Self-Driving software and lower-than-expected delivery numbers for the first quarter of 2024, has left investors concerned. Tesla's stock has fallen over 10% in a week and 40% year-to-date, reflecting growing investor skepticism towards the company's current valuation and future prospects.
Despite Tesla's endeavors to innovate in the electric vehicle (EV) space, these recent challenges highlight potential operational and safety issues that could affect consumer perception and market performance. The company's future trajectory will likely depend on its ability to address these concerns promptly and effectively while continuing to innovate and expand its product lineup.
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