Tesla Failed To Disclose NHTSA Request For A Recall In Earnings Release - News Summed Up

Tesla Failed To Disclose NHTSA Request For A Recall In Earnings Release


Following the surprising Tesla (NASDAQ: TSLA) recall for their full self-driving (FSD) vehicles, it appears the electric vehicle giant did not disclose the National Highway Traffic Safety Administration (NHTSA) requests for a recall in its most recent earnings. Instead, the firm announced some more than $1 billion in deferred revenue from FSD in its last earnings call. The NHTSA on Thursday filed a notice, stating that just under 363,000 vehicles equipped with the feature are being recalled. While being classified as a “recall,” Tesla will reportedly correct the software via an over-the-air, or OTA, update. On top of the nearly 363,000 vehicles Tesla is recalling, it is also recalling some more of its FSD-equipped models in Canada.


Source: CBC News February 18, 2023 01:30 UTC



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