KEY POINTS
  • Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said.
  • The U.S. electric vehicle manufacturer is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due to front hood problems, the National Highway Traffic Safety Administration (NHTSA) said.
  • Tesla identified 2,301 warranty claims and 601 field reports regarding the issue for U.S. vehicles.

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Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020.

Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said.

Tesla shares fell as much as 3% in the morning but rebounded and were last trading slightly higher around $1,088.76. The federal regulator has been discussing another camera issue with the automaker, while probing the electric vehicle manufacturer's driver assistant system and other issues.

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