Tesla faces steering failure in 380,000 vehicles and historic sales decline (Instagram @teslamotors)
Tesla identified a software issue that could compromise the assisted steering in about 380,000 2023 Model 3 and Model Y vehicles.
The problem occurs during low-speed maneuvers, when an overload on the circuit board can deactivate the steering assistance after a stop. Despite the seriousness of the issue, the company stated that the error has been corrected through an over-the-air update, avoiding the need for a traditional recall.
In addition to the technical challenges, Tesla is also facing financial difficulties. The last quarter of 2024 saw profits fall short of expectations, reduced sales, and lower margins, which raised concerns among investors. As a result, the company’s stock dropped by 6% after the announcement, before a slight recovery.
The sales decline was the first in Tesla’s history, and the quarter’s numbers reinforced this trend. Revenue of $25.7 billion was $1.5 billion below forecasts, while net income of $2.5 billion, although 3% higher than the previous year, did not meet market expectations.
Source: Olhar Digital | Photo: Instagram @teslamotors | This content was created with the help of AI and reviewed by the editorial team
