Tesla (TSLA, Financial) has rolled out a software update to address a recall impacting 376,241 vehicles, according to the National Highway Traffic Safety Administration (NHTSA).
The recall affects certain 2023 Model 3 and Model Y vehicles running software versions before 2023.38.4. The issue stems from an overstress condition in the printed circuit board for the electronic power steering assist, which may cause a temporary loss of power steering when the vehicle stops and then accelerates. The NHTSA warned that a loss of power steering assist could increase steering effort, particularly at low speeds, raising the risk of a crash.
To resolve the issue, Tesla has released an over-the-air software update at no cost to owners. The company plans to mail official owner notification letters by March 25.
Tesla shares closed at $191.34 on Thursday, down 1.71%.
