Market News

Tesla to Fix Glitch in 435K Vehicles in China; First Semi Truck Set for Delivery Today

EV maker Tesla (NASDAQ:TSLA) is fixing an issue with side marker lights for over 435,000 vehicles in China with a software update. The issue could result in a collision in extreme circumstances, according to Reuters.

The software update counts as a recall and encompasses Model 3 as well as Model Y vehicles. Last month, Tesla also recalled over 80,000 vehicles in China owing to issues associated with software and seat belt.

Separately, today, Tesla is finally delivering the first electric semi truck at an event in Giga Nevada. The delivery comes after years of a wait since the vehicle’s first unveiling in 2017.

The Street currently has a Moderate Buy consensus rating on the stock alongside a $307.72 average price target. Tesla shares have gained about 6.4% over the past five days already.

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