Tesla recalling almost 6,000 EVs in the U.S. and here’s why

Tesla recalls almost 6,000 units of electric vehicles in the U.S. The recall was first announced last week, but some documents were only released to the public on Wednesday, June 2.

The details of the recall and affected Tesla cars

As per Reuters, some of the Tesla models are being called back for repairs due to loose bolts that may lead to the loss of tire pressure. Based on the information from the National Highway Traffic Safety Administration (NHTSA), the recall affects some of the 2019-2021 Model 3 units as well as 2020-2021 Model Y EVs.

Tesla also filed for the recall with the NHTSA, and in its filing, the automaker stated that it has not received any report of crashes or injuries caused by the loose bolts. In the recall announcement, the agency explained that the brake caliper bolts might be loose, and because of that, it could become undone and make contact with the wheel rim.

When this happens, the tire pressure could be lost. Although this rarely happens, it was said that the vehicle could be damaged and lead to accidents, so it must be checked and repaired by authorized service centers.

The remedy for the issue - Tesla’s fix

Tesla will be inspecting the caliper bolts and will simply tighten them or replace them if needed. The service for the affected vehicles will be for free, but the schedule for the servicing is not yet available. Then again, the owners will be notified about the recall, or they may also call Tesla’s customer service at 1-877-798-3752.

“Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236,” as posted on the notice.

Meanwhile, it was reported that Tesla’s stock went down following the announcement of the recall. The shares closed down at three percent, trading to $604.35.

Barron’s suggested that the recall appears to have dragged down the company’s shares in Wednesday’s trading. The outlet that although the figure seems small, as much as $20 billion was actually wiped off in the market capitalization over the loose caliper bolts.