Tesla (TSLA) has announced a recall of nearly 4,000 units of its highly anticipated Cybertruck electric pickup truck. The recall is due to a potential issue with the accelerator pedal, which could malfunction and pose a safety risk. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed.
Tesla stock was falling for a sixth day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter. In this case, the “accelerator pedal pad may dislodge and become trapped by the interior trim,” the notice said.