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Tesla Inc. is making its largest recall to date, pulling more than 2 million vehicles in the U.S. due to a warning-lights issue.
The National Highway Traffic Safety Administration issued a statement, warning that the smaller font size of the warning lights on the instrument panel could make critical safety information hard to read, potentially increasing the risk of a crash. The NHTSA indicated that 2.19 million vehicles could be affected.
Related to the recall, Tesla
TSLA,
-1.34%
is planning to recall specific 2012-2023 Model S, 2016-2024 Model X, 2017-2023 Model 3, 2019-2024 Model Y, and 2024 Cybertruck vehicles, according to the NHTSA.
The NHTSA emphasized that these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standards number 105 and 135 due to the incorrect font size displayed on the instrument panel for the Brake, Park, and Antilock Brake System (ABS) warning lights.
Tesla is releasing an over-the-air software update, free of charge, and owner notification letters are expected to be mailed on March 30, 2024, according to the NHTSA.
Additionally, the NHTSA’s Office of Defects Investigation has upgraded a 2023 probe into steering problems affecting an estimated 334,569 Tesla electric vehicles to an engineering analysis, bringing the investigation a step closer to a recall. The probe, which was opened in July 2023, is related to Tesla’s 2023 Model 3 and Y, according to the NHTSA.
Shares of Tesla fell 0.7% in premarket trades Friday. The stock is down 0.6% over the last 52 weeks, compared with the S&P 500 index’s
SPX
gain of 18.6%.
Last month, Tesla recalled nearly 200,000 vehicles in the U.S. due to a software glitch that could cause the cars’ backup cameras to go dark. In December, Tesla recalled more than 2 million vehicles over autopilot control issues.
Ciara Linnane and Claudia Assis contributed.