Shares of Tesla Inc (NASDAQ: TSLA) ended about 5.0% down today after the electric vehicles manufacturer made two headlines – both of which were negative.
Tesla Inc recalled over 300K vehicles
On Thursday, the EV company was reported to have recalled 362,758 vehicles in the United States.
Reason for the recall stated on the NHTSA website was to update the full self-driving beta software that could otherwise cause crashes. Vehicles recalled include 2020-2023 Tesla Model Y, 2017-2023 Tesla Model 3, and 2016-2023 Tesla Model S and Model X equipped with FSD Beta.
On Twitter, though, CEO Elon Musk took an issue with use of the word “recall” since it will just be an over-the-air software update for the affected vehicles.
The word recall for an over-the-air software update is anachronistic and just flat wrong!
Tesla fired employees on union activity
Also on Thursday, Workers United alleged that Tesla Inc fired over 30 of its employees for seeking to organize. CEO Elon Musk has been against union campaigns for years.
Its complaint with the NLRB said the EV company retaliated to these autopilot unit workers at its Buffalo factory to discourage union activity. In a statement, Sara Costantino – an organizing committee member and a Tesla employee said:
We’re angry. This won’t slow us down. This won’t stop us. They want us to be scared, but I think they just started a stampede.
The news arrives only weeks after Tesla reported recorded profit for its fourth financial quarter as Invezz posted HERE. Shares of the EV giant are currently up about 90% for the year.
The post Tesla made two headlines on Thursday: both were negative appeared first on Invezz.
