Tesla Recalls 239,382 Vehicles In US Over Rearview Camera Image Display Issues

EV giant Tesla Inc TSLA is recalling 239,382 vehicles in the U.S. over concerns of loss of rearview camera image, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

What Happened: The computer circuit board may short, resulting in loss of rearview camera image, the U.S. auto safety regulator said.

Tesla has released over-the-air software aimed at resolving the issue. The company will also identify vehicles that experienced a circuit board failure or are under stress that may lead to a circuit board failure and replace the affected computers at no cost to the customer, NHTSA said. The recall population includes  2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.

The company told NHTSA that it is not aware of any collisions, injuries, or fatalities owing to the issue.

Why It Matters: Earlier this week, NHTSA opened a probe into 2.6 million Tesla vehicles equipped with the company's full self-driving driver assistance technology following a complaint alleging that the use of its "Actually Smart Summon" feature led to a crash.

Actually, Smart Summon refers to a feature that allows a user to remotely move the vehicle towards themselves or to another nearby location such as a parking lot through the company's phone app.

In 2024, Tesla issued 15 recalls, impacting over 5.13 million vehicles. However, a whopping majority of the recalls were fixed with over-the-air (OTA) software updates, and only a select few required vehicle owners to visit a service center to resolve an issue.

Price Action: Tesla shares closed up 0.15% on Thursday at $394.94. The stock is up 1.27% year-to-date, according to data from Benzinga Pro.

Tesla has a consensus “neutral” rating and a price target of $293.23 based on the ratings of 34 analysts tracked by Benzinga. The highest price target of $515 was issued by Mizuho on Dec. 17, 2024, and the lowest of $24.86 by GLJ Research on Jan. 3.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

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