European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Add as a preferred source on Google
Tesla recalls 3,470 Model Y electric vehicles after loose bolts were discovered last month. The loose-fitting bolts were said to have been installed in the second-row seat back frames of the affected EV models.
Due to the issue, the seat frames were not properly secured. Tesla said the Model Y EVs covered in the recall are those units manufactured between May 23, 2022, and Feb. 5, 2023.
Based on estimation, four percent of the Model Y units are affected in this latest recall that was reported to the U.S. National Highway Traffic Safety Administration (NHTSA) in late February.
As mentioned by CNN Business, the loose bolts may cause the seat belts to detach and fail to work as they should in the event of a crash. The NHTSA said this increases the risk of injury for the passengers in the back row of the affected Model Y EVs.
The second-row driver and passenger-side seat back frames of the car are secured with four bolts per seat. However, while in production, some of the Model Y EVs may have one or more of their bolts loosened up. The bolts are used for securing the seat back frames to the lower seat frame, but these may not have been torqued according to specifications.
The company said that owners of the affected electric cars would be able to tell if their units have loose bolts by checking if their second-row seat back frame is folding properly. If not, the bolts are loose, and they may also hear rattling sounds when driving.
Tesla said that so far, it has not received any complaints related to the bolt issue. Then again, in December of last year, a driver in California was said to have discovered a faulty seat back bolt which prompted Tesla to investigate. The assessment concluded last month, and the recall was immediately issued.
As posted by the NHTSA in its recall notice, Tesla will inspect and tighten the bolts to fix the problem, and this service will be free of charge. All owners of the affected Model Y cars will be notified through mail.
Photo by: Charlie Deets/Unsplash
