EV major Tesla (NASDAQ:TSLA) will recall 1.62 million vehicles, including its models S, X, 3, and Y, in China, according to the China State Administration for Market Regulation. As a part of this “recall,” the U.S. automaker will issue an over-the-air update for the impacted vehicles. This includes imported Models S and X, as well as the China-made Models 3 and Y from 2014 to 2023.
The update will address Autosteer misuse and collision risk. Additionally, 7,538 Models S and X will receive a software upgrade to prevent doors from unlocking in crashes.
Is Tesla a Buy, Hold, or Sell?
Analysts remained sidelined about TSLA stock with a Hold consensus rating based on 12 Buys, 14 Holds, and five Sells. Over the past year, TSLA stock has shot up by more than 100%, and the average TSLA price target of $246.69 implies an upside potential of 3.7% at current levels.
