Tesla Recalls Cybertrucks Over Software Glitch Amid Mixed Financial Results
Tesla shares dipped 3.32% to $424.40 following the announcement of a voluntary recall affecting 63,619 Cybertrucks. The issue stems from front parking lights exceeding regulatory brightness limits—a problem already resolved through an over-the-air software update. No accidents or injuries have been linked to the defect.
The recall coincides with Tesla's Q3 earnings report showing record revenue but compressed margins. Separately, 12,963 Model 3 and Y vehicles were recalled for unrelated issues. Market reaction reflects ongoing volatility in the EV sector as Tesla balances growth ambitions with operational execution.