Latest news with #U.S.NationalHighwayTrafficSafetyAdministration
Business Insider
6 days ago
- Automotive
- Business Insider
Ford to recall 29,501 2024-2025 F-150 Lightning BEV vehicles
The U.S. National Highway Traffic Safety Administration announced Ford (F) Motor Company is recalling certain 2024-2025 F-150 Lightning BEV vehicles. The front upper control arm ball joint nut may not have been tightened properly, allowing the front upper control arm to detach from the knuckle assembly. The potential number of units affected is 29,501. Confident Investing Starts Here: Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
24-03-2025
- Automotive
- Yahoo
US opens probe into nearly 1.3 million Ford F-150 trucks over unexpected gear shift
(Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it has opened a probe into nearly 1.3 million Ford F-150 pickup trucks over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up.
Reuters
24-03-2025
- Automotive
- Reuters
US opens probe into nearly 1.3 million Ford F-150 trucks over unexpected gear shift
March 24 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it has opened a probe into nearly 1.3 million Ford (F.N), opens new tab F-150 pickup trucks over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up.
Miami Herald
21-03-2025
- Automotive
- Miami Herald
Analysts revisit Tesla stock price targets as Musk faces brand ‘crisis'
Tesla shares moved lower in early Thursday trading, extending its months-long decline, amid concerns that Elon Musk's political focus is hurting the EV maker's brand and growth prospects. Tesla (TSLA) shares are down more than 37% for the year, and have lost more than half their value since hitting an all-time peak in late December as the stock rallied in the wake of President Trump's election victory the previous month. Musk was closely-aligned to the President during his campaign and has subsequently lead his effort to overhaul the federal workforce through a group named the 'department of government efficiency',. That role in Washington has, by his own admission, taken him away from the day-to-day operations at Tesla, which is based in Austin, while its political nature has prompted boycotts and vandalism the company's vehicles and showrooms. Tesla is also recalling around 46,000 of it newly-launched Cybertrucks at the behest of Musk's longtime nemesis, the U.S. National Highway Traffic Safety Administration, in order to repair a faulty exterior panel. Overall sales are slumping, as well, with heavy declines in Europe and lost market share in China, where its attempting to build a lower-priced Model Y to compete with domestic rivals such as BYD and Xiamoi. That's prompted a host of downgrades to both Tesla's first quarter and full-year delivery targets from analysts on Wall Street, as well as a broader rethink of its profit margin and growth potential as it transitions from its traditional automaking business to focus on self-driving technologies, energy storage and robotics. Piper Sandler's Alexander Potter added his name to that list in a note published Thursday that lowered his price target by $50 to $450, but the analyst was more upbeat over the group's longer-term prospects. Related: Analyst resets Tesla stock price target tied to 'shocking' catalyst "Tesla's now back to its pre-election valuation," Potter and his team wrote. "Remember: this isn't the first time Tesla has doubled and subsequently gotten cut in half, and it likely won't be the last." Potter lowered his full-year delivery outlook, and noted that recent trends are likely to prompt similar changes from other analysts, but argued that "we don't think politics are entirely to blame" for the quarterly sales slump. "Rather, factory shutdowns and the Model Y changeover are the primary causes of lower deliveries," he said. Potter also defended his $450 price target, which is based on current multiples for the stock, by noting that his fundamental analysis (which excludes the impact of both robotics and artificial intelligence) still implies value for the beaten-down stock. "In our view, nothing has changed regarding Tesla's ability to remake the world's transportation and energy markets," said Potter, who kept his 'overweight' rating on the stock in place. Wedbush analyst Dan Ives, meanwhile, reiterated his $550 price target and 'outperform' rating on Tesla in a note published Thursday, but warned that the company is falling deep into a crisis that only Musk will be able to repair. More Tesla: Tesla sends dire warning about escalating the trade warTesla's White House swooning comes at a disappointing timeTesla mega bull sounds the alarm on Elon Musk's leadership "This is a moment of truth for Musk and there are two things Elon needs to do to end this crisis and make sure it does not snowball into a much more black swan event for the Tesla brand over the coming years," Ives said. Musk needs to make a formal statement regarding the balancing of his DOGE and Tesla leadership effort, Ives argued, preferably during the group's first quarter conference call next month, while providing clear roadmaps for the low-cost vehicle launch and full self-driving trials in Austin. "As someone who is a core bull and believer in the Tesla long term growth story, I loudly urge Musk and the board to step up, stop being silent, and help resolve this crisis," he said. Tesla shares were marked 2.4% lower in premarket trading to indicate an opening bell price of $229.56 each. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Japan Times
21-03-2025
- Automotive
- Japan Times
Tesla recalls Cybertrucks after steel trim pieces come loose
Tesla recalled all the Cybertrucks it produced and sold in the first 15 months it's been on the U.S. market over a safety issue it's having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it's calling back have a defect, according to a recall report filed with the U.S. National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that's "susceptible to environmental embrittlement,' the company said. Tesla says it will foot the bill for replacing the panels with ones that meet its durability requirements. But as of March 18 — the day Tesla submitted its recall report — the company said it had not yet corrected the issue in production. The manufacturer expected to sort out the remedy on or around March 21. "If the cant rail stainless steel panel separates from the vehicle while in drive, it could create a road hazard for following motorists and increase their risk of injury or a collision,' Tesla said. The company identified 151 warranty claims that may be related to the condition. Tesla recalled the Cybertruck six times in the U.S. within a year of launching the pickup in November 2023. One of those earlier safety campaigns, in June of last year, pertained to trim pieces along the exterior of the trunk bed that could come loose while driving. Tesla shares were little changed as of 10 a.m. Thursday in New York. The stock has fallen more than 40% this year. From the moment he first unveiled a Cybertruck prototype in November 2019, CEO Elon Musk has positioned the pickup as sturdy and and strong. "You want a truck that's really tough, not fake tough,' he said on stage at an event in Los Angeles. But after showing clips of the truck withstanding gunshots and inviting Franz von Holzhausen, Tesla's design chief, to slam its doors with a sledgehammer, a demonstration of the Cybertruck's "armored glass' went awry. The executive hurled a metal ball at the driver-side windows and shattered them. Tesla made light of the incident when the Cybertruck went on sale in late 2023, selling $55 decals commemorating the damaged windows that quickly sold out. However, failures of the pickup's trim pieces to stay adhered to the truck aren't the only incidents that have raised questions about the durability of the pickup. In August, YouTuber Cody Detwiler — whose account WhistlinDiesel has 9.31 million subscribers — released a video comparing how the Cybertruck and Ford's top-selling F-150 pickup hold up over the course of a series of extreme stunts. The video, which captures the frame of Tesla's truck snapping off when the two pickups were hooked to one another by their tow hitches, has almost 31 million views. In a more recent YouTube video by Zack Nelson of JerryRigEverything, the rear section of the Cybertruck frame collapses during a stress test. Musk has stood by the pickup, posting on X last month that it was "apocalypse-level safe' after it earned a five-star overall safety rating from NHTSA.
