Tesla (TSLA) has issued a recall for 70,000 of its electric vehicles (EVs) due to an issue with the tire pressure sensor warning light. The problem is the tire pressure warning light may not always remain on, making it unclear if a tire needs more air pressure. That’s a worry for drivers as improperly inflated tires increase the risk of a wreck.
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Several Tesla EV models are included in this tire pressure warning light recall. That includes the 2024 Cybertruck, Model 3 with years ranging from 2017 to 2023, as well as Model Y vehicles with years between 2020 and 2025.
Fortunately, owners won’t have to worry about taking their Tesla EVs to a service sensor for this repair. Instead, the issue will be addressed via an over-the-air update. This has been Tesla’s go-to fix for many of the recalls its vehicles have faced over the years.
What This Means for TSLA Stock
Shares of TSLA stock are down 2.31% alongside today’s recall news. However, the stock is still up 70.68% year-to-date. A large portion of that increase came about after November. That’s worth noting as it lines up with the election of Donald Trump as the next President of the U.S. It makes sense this would boost TSLA shares as CEO Elon Musk has been tapped to lead the new Department of Government Efficiency (DOGE).
Considering the ease of the repair in the Tesla EV recall, it seems unlikely this is behind the stock price falling today. Instead, the decline may simply be TSLA shares settling as the hype following Trump’s election win starts to wear off.
Is TSLA Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Tesla is Hold based on 13 Buy, 12 Hold, and nine Sell ratings over the last three months. With that comes an average price target of $293.76, a high of $515, and a low of $24.86. This represents a potential 30.94% downside for TSLA shares.
