Niles Investment Management founder and portfolio manager Dan Niles unpacks the outlook of the electric vehicle company on ‘The Claman Countdown.’
Tesla is recalling more than 376,000 of its Model 3 and Model Y electric vehicles in the U.S. over a potential power steering issue.
The recalled Model 3s and Model Ys could face a loss of power steering assistance “when the vehicle reaches a stop and then accelerates again” if they experience an “overstress condition” in the printed circuit board for electronic power-assisted steering (EPAS), Tesla said in a recall report submitted last week to the National Highway Traffic Safety Administration (NHTSA).
Tesla cars parked at a dealership on May 31, 2024, in Corte Madera, California. (Photo by Justin Sullivan/Getty Images / Getty Images)
All the potentially affected vehicles feature EPAS and used a software release prior to…
