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According to the notice on the National Highway Traffic Safety Administration (NHTSA) website,TeslaSome Model 3 vehicles produced during 2019-2021 and some Model Y vehicles produced during 2020-2021 will be recalled to fasten or replace the fasteners connecting the front suspension and subframe.
Nearly 3,000 cars recalled in the U.S. market
It is reported that this recall involves part of Model 3 produced from 2019 to 2021 and part of Model Y produced from 2020 to 2021, a total of 2791 vehicles. The reason for the recall is that the fasteners connecting the front suspension and the sub-frame are not fixed in accordance with the correct specifications, and there may be a hidden danger of loosening, and in extreme cases, there may be a safety hazard.
Tesla said in a document submitted to NHTSA that the problem with the relevant vehicle is: “The front suspension transverse connection fasteners may loosen, thereby separating the transverse connecting rod from the subframe.”
Tesla also described the solution, saying that it will tighten or replace the transverse connection fasteners free of charge based on the actual situation. The notice to the car owner is expected to be sent on December 24, 2021. Owners can also call Tesla’s customer service number.
Although the notice will be sent by the end of this year, Tesla has already started to notify relevant car owners via e-mail.
At the same time, Tesla also announced the recall of a small number of Model 3 electric vehicles due to airbag issues. The company stated, “Tesla is recalling some Model 3 electric vehicles that will be shipped from 2020 to 2021. The left or right side curtain airbags of related vehicles are improperly fixed, which may cause the airbags to distort. Therefore, these vehicles do not comply with the Federal Motor Vehicles Safety Standard No. 214 (“Side Impact Protection”) and 226 (“Reduced Ejection”) requirements.”
Yesterday there was news that Tesla had ordered 45GWh lithium iron phosphate batteries from CATL, mainly for Model 3 and Model Y models. In this regard, both Tesla and CATL told reporters that they would not comment.
As of the close on October 30, Tesla’s stock price rose 3.43% to $1,114, with a total market value of over $1.1 trillion.
The total market value exceeds one trillion U.S. dollars
Tesla’s stock price soared 12.66% on October 25, local time, and its total market value broke through one trillion U.S. dollars, reaching 1.03 trillion U.S. dollars.Apple、Amazon、GooglewithMicrosoftAfter that, a new member of the Trillion Dollar Club.
On October 24, local time, car rental company Hertz said that it may increase Tesla’s electric car orders from 100,000 to 200,000.
As Tesla’s stock price continues to rise, Musk’s current value has reached US$301.8 billion, and Amazon CEO Bezos’s value has shrunk to less than US$200 billion.
Investment bank Piper Sandler analyst Alex Potter raised Tesla’s target price to the highest level on Wall Street. Piper Sandler reiterated its Overweight rating and raised its stock price target from $1,200 to $1,300.
Piper Sandler predicts that Tesla’s sales will reach a peak of about 11.5 million vehicles in 2030, which means that the company may rank first in terms of global market share.
According to Tipranks data, based on the 12-month price target provided by 23 Wall Street analysts for Tesla in the past 3 months, the average target price is US$836.50, and the highest forecast is US$1,300.
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Editor in charge: Guo Mingyu
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