Elon Musk’s Tesla recalled almost 30,000 Mannequin X automobiles within the US over a problem that will trigger the entrance passenger air bag to deploy incorrectly, sending its shares down almost 3% on Friday to their lowest in almost two years.
The air bag might deploy incorrectly in sure low-speed collision occasions the place a younger entrance seat passenger is unbelted and out of place, growing the chance of damage, the corporate stated in a submitting with regulators.
Tesla stated it was not conscious of any crashes, accidents or deaths associated to the recall.
The issue will likely be addressed via an over-the-air software program replace, the corporate stated in a letter filed with the Nationwide Freeway Visitors Security Administration.
Earlier this month, the world’s most beneficial automaker recalled over 40,000 Mannequin S and Mannequin X automobiles as a result of threat of experiencing a lack of energy steering help when driving on tough roads or after hitting a pothole.
Tesla shares hit a 52-week low of $176.55 on Friday earlier than closing at $180.19, down 1.6%.