Tesla (TSLA) is recalling 362,758 electric vehicles equipped with its self-driving software due to a heightened risk of crashes.
Tesla has issued a formal recall notice for the impacted vehicles and says it will deliver an over-the-air software update to fix the problem.
The self-driving function in Tesla vehicles, which remains in Beta testing, may cause crashes by allowing the affected vehicles to “act unsafe around intersections,” according to a safety recall report issued by the U.S. National Highway Traffic Safety Administration.
Impacted Tesla vehicles may also have trouble responding appropriately “to changes in posted speed limits,” reads the recall notice.
Affected Tesla vehicles include the 2016 to 2023 Model S and Model X, 2017 to 2023 Model 3, and 2020 to 2023 Model Y equipped with or pending installation of the self-driving software.
Tesla’s stock has risen 87% so far in 2023 to $202.04 U.S. per share. However, the stock remains 30% below where it was trading at 12 months ago.
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