BUSINESS Tesla recalls 30,000 Model X cars, shares hit two-year low

BUSINESS

Tesla recalls 30,000 Model X cars, shares hit two-year low

CGTN

22:01, November 19, 2022

Tesla Inc recalled nearly 30,000 Model X cars in the U.S. over an issue that may cause the front passenger airbag to deploy incorrectly, sending its shares down almost 3 percent on Friday to their lowest in nearly two years.

Tesla sign at a store in Sunnyvale, California, US, September 25, 2021. (Photo: CFP)

The airbag could deploy incorrectly in certain low-speed collision events where a young front seat passenger is unbelted and out of position, increasing the risk of injury, the company said in a filing with U.S. regulators.

Tesla said it was unaware of any crashes, injuries or deaths related to the recall.

The problem will be addressed through an over-the-air software update, the company said in a letter filed with the National Highway Traffic Safety Administration.

Earlier this month, the world's most valuable automaker recalled over 40,000 Model S and Model X vehicles due to the risk of experiencing a loss of power steering assist when driving on rough roads or after hitting a pothole.

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