Recall represents another ‘black eye’ for the company which saw its share prices fall this week, wiping away all its gains this year

Recall represents another ‘black eye’ for the company which saw its share prices fall this week, wiping away all its gains this year

  • AutoTL;DR@lemmings.worldBEnglish
    82·
    2 months ago

    This is the best summary I could come up with:

    As of Monday, the US National Highway Traffic Safety Administration (NHTSA) had contacted Tesla regarding the issue, and the company announced the recall Friday.

    The Cybertruck, which has long been a pet project for Elon Musk, the Tesla CEO, began deliveries in late 2023 after years of delay due to production problems and battery-supply constraints.

    Meanwhile, Tesla has asked its shareholders to vote in favor of Musk’s $56bn pay package that was rejected by a judge earlier this year who called it an “unfathomable sum”.

    The speed with which Tesla recalled the vehicles after reports of the faulty pedal may be influenced by its continuing legal battles over injuries caused by its semi-autonomous driving software.

    Brett Schreiber, an attorney who has represented clients impacted by the faulty software, said he anticipates another potential wave of litigation from Cybertruck owners.

    “What we have seen perpetually with Tesla is the ethos of a tech company, wanting to push out product as quickly as possible, wrapped up in an automotive manufacturer, which should be far more intentional and thoughtful in producing vehicles,” he said.

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