Tesla (NASDAQ:TSLA) Recalls 239,000 Vehicles over Camera Defect

Tesla’s (TSLA) troubles with defective products continue to drag on as the company recalls around 239,000 vehicles over an issue with the rear-view camera.

The recall reportedly relates to the loss of rear-view camera functionality in the Model MY, Model 3, Model Y, and Model S manufactured between 2023 and 2025.

The EV giant, which recalled almost 700,000 vehicles over a tire pressure fix, stated that the latest problem could be resolved with an Over-the-Air (OTA) software update.

TSLA Facing Multiple Probes

This comes as TSLA faces another regulatory probe in the U.S. involving 2.6 million vehicles due to issues with the EV maker’s “Actually Smart Summon” feature. The National Highway Traffic Safety Administration (NHTSA) opened an investigation this week following reports of collisions.

In October, the NHTSA launched a separate investigation into an estimated 2.4 million Tesla vehicles over concerns regarding the safety of the company’s Full Self-Driving (FSD) technology.

TSLA Loses for Most Recalls

Tesla earned the unwanted distinction of having the highest number of recalls in the U.S. last year, with 5.1 million vehicles affected, according to a report by recall management firm Bizzycar.

However, while the NHTSA is required to classify these incidents as recalls, investors in TSLA should note that many of these issues can be resolved through OTA updates without any need for physical repairs.

Ford (F), meanwhile, has seen a 50% decline in its recalls over the past two years, dropping from 8.7 million in 2022 to 4.1 million last year.

Is TSLA a Good Stock to Buy?

Overall, Wall Street has a Hold consensus rating on TSLA stock, based on 13 Buys, 12 Holds and nine Sells. The average TSLA price target of $320.90 implies about 19% downside potential from current levels. Shares of TSLA have risen by 69% in the last 12 months.

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