Advertisement
Canada markets closed
  • S&P/TSX

    21,728.55
    +14.01 (+0.06%)
     
  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • CAD/USD

    0.7287
    +0.0005 (+0.07%)
     
  • CRUDE OIL

    79.25
    +0.25 (+0.32%)
     
  • Bitcoin CAD

    80,026.00
    -3,046.27 (-3.67%)
     
  • CMC Crypto 200

    1,281.48
    -57.59 (-4.31%)
     
  • GOLD FUTURES

    2,333.60
    +22.60 (+0.98%)
     
  • RUSSELL 2000

    1,980.23
    +6.32 (+0.32%)
     
  • 10-Yr Bond

    4.5950
    -0.0910 (-1.94%)
     
  • NASDAQ futures

    17,525.25
    +87.00 (+0.50%)
     
  • VOLATILITY

    15.39
    -0.26 (-1.66%)
     
  • FTSE

    8,121.24
    -22.89 (-0.28%)
     
  • NIKKEI 225

    38,033.39
    -240.66 (-0.63%)
     
  • CAD/EUR

    0.6798
    +0.0005 (+0.07%)
     

Tesla to recall 3,878 Cybertrucks over faulty accelerator pedal, NHTSA says

FILE PHOTO: The Tesla Cybertruck is displayed at the SAE WCX conference in Detroit

(Reuters) - Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.

A trapped accelerator pedal could cause the vehicle to accelerate unintentionally, increasing the risk of a crash, the auto safety regulator said in a notice.

Tesla started deliveries of its Cybertruck electric pickup truck late last year, after a two-year delay due to production problems and battery-supply constraints.

The company's shares fell nearly 3% before the bell on Friday, adding to its five-session losing streak during which the stock lost about 14%.

ADVERTISEMENT

Tesla will replace or repair the accelerator pedal assembly at no charge and owners will be notified through letters mailed to them in June, the NHTSA said.

In the first quarter of 2024 the EV maker had three recalls affecting about 2.4 million vehicles, according to a report by recall management firm BizzyCar.

However, most issues related to Tesla recalls are usually resolved through over-the-air software updates.

In February, Tesla recalled about 2.2 million vehicles in the United States due to an incorrect font size on warning lights and U.S. safety regulators upgraded their probe into the company's vehicles over power steering loss to the status of an engineering analysis.

(Reporting by Angela Christy and Akash Sriram in Bengaluru; Editing by Pooja Desai and Shounak Dasgupta)