Movement Alert|Tesla Motors Falls 3.11% in Regular Trading, China Recall of Nearly 3 Million Vehicles Sets Single-Brand Record

Market Focus
Yesterday

On August 25, Tesla Motors fell 3.11% in regular trading, trading at $351.59 per share, with turnover of $9.335 billion.

On the news front, Tesla voluntarily recalled approximately 3 million vehicles in China due to emergency door handle safety hazards and driver-monitoring system defects, covering Model 3, Model Y, Model S, and Model X — marking one of the largest single-brand recalls in Chinese automotive history. The recall is part of a joint action involving nine automakers totaling roughly 4.27 million vehicles, with Tesla accounting for nearly 70%. Separately, Tesla recalled an additional 2.74 million domestically produced vehicles over inadequate driver-attention warnings during assisted-driving mode, bringing the combined total to over 5.71 million units. Tesla stated that remedies include adding warning labels, updating window-control software, and implementing cabin-camera monitoring via over-the-air updates, with owners given a three-year compliance window.

Within the Automobile Manufacturers sector, broad weakness prevailed. Among individual stocks, Ford down 3.54%, General Motors down 1.08%, Rivian down 0.91%, XPeng down 8.65%, NIO down 5.63%.

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