No, Tesla's Big Recall Isn't a Big Deal for the Stock
Earlier this month, (NASDAQ: TSLA) recalled more than 2 million electric vehicles (EVs) in the U.S. market. It was the largest recall in the young company's history, covering nearly all Tesla vehicles on U.S. roads. Based on a glance at the headlines, you couldn't be blamed for thinking it will be a massive ordeal for the company. But it might not be as big a deal as some investors think.
This recall covers the Model S from the 2012 to 2023 model years, the Model X from 2016 to 2023, the Model 3 from 2017 to 2023, and the Model Y from 2020 to 2023. Those EVs are equipped with Autosteer -- a beta feature that detects lane markings, vehicles, and other objects to help the driver steer in some situations.
While Tesla didn't necessarily agree with the conclusions of the recall report, the EV maker did announce it would release an over-the-air software update to add more controls and alerts to encourage drivers to remain engaged in driving.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 76 Buy predictions and 27 Sell predictions.
As a result the target price of 247 € shows a positive potential of 27.5% compared to the current price of 193.72 € for Tesla Inc.
