National Highway Traffic Safety Administration reports potential safety risks affecting newly manufactured electric vehicles.
Tesla, the American electric vehicle manufacturer, has announced a recall of more than 46,000 of its Cybertruck models in the United States due to concerns regarding the vehicle's body integrity, which could pose a safety hazard.
The National Highway Traffic Safety Administration (NHTSA) confirmed the recall following reports that the upper body of the Cybertruck could detach while in motion.
The recall affects vehicles manufactured from November 2023 through February 27, 2024, encompassing nearly all units of the Cybertruck produced during this time frame.
This incident marks another setback for
Tesla, as the company's stock has seen a significant decline since CEO
Elon Musk shifted his focus to work at the Department of Government Efficiency (DOGE) in Washington, D.C.
The stock value of
Tesla peaked at $479.96 per share on December 17, 2023, but has since lost over 50% of its value, resulting in a market capitalization reduction of more than $800 billion.
The significant drop has raised questions about the management of the company, with media outlets questioning Musk about balancing operations of
Tesla and his governmental responsibilities.
In a recent interaction with media, Musk acknowledged the challenges of managing his various business interests while engaging with government initiatives aimed at enhancing operational efficiencies.