Key insights
- Tesla is recalling over 14,500 Model Y SUVs in the US due to missing weight certification labels. While no accidents have been reported, the NHTSA warns that overloading the vehicles due to the missing label could increase the risk of a crash. The impact on US equities is slightly negative due to potential reputational damage and recall costs.
May 22 (Reuters) - Tesla is recalling 14,575 Model Y SUVs in the U.S., over a missing certification label with weight specifications, the U.S. National Highway Traffic Safety Administration said on Friday.
Tesla will inspect and install the label on affected cars, NHTSA said.
The auto safety regulator added that the absence of a weight specification certification label may lead to customers overloading these cars, which in turn "increases the risk of a crash."
There were no reports of any collisions, fatalities, or injuries due to the issue, according to NHTSA.