Have you heard about the recalls at Tesla $TSLA (-4,32%) heard? The electric car manufacturer has to recall around 380,000 vehicles in the USA, including the popular Model 3 and Model Y models. The reason: a fault in the power steering, which makes steering at low speeds more difficult and therefore increases the risk of accidents. A software update is intended to rectify the problems.
But that's not all: Tesla is also struggling with mediocre quarterly figures and falling demand. Elon Musk is also causing a stir with questionable appearances. There are rumors in the industry about Nissan possibly joining Tesla as a strategic investor, which caused Nissan's share price to rise in the short term.
What do you think about the situation? Will Tesla overcome these challenges and drive the share price up again? 📈