NHTSA Closes Investigation into Tesla Model Y Vehicles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TSLA?
Source: seekingalpha
- Investigation Closure: The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into approximately 120,089 Tesla Model Y vehicles without any action taken, indicating a relatively lenient regulatory stance towards Tesla.
- Safety Concern Assessment: Initiated in 2023, the investigation focused on reports of steering wheels potentially detaching due to a missing retaining bolt, following two complaints of steering wheel detachment while in motion, highlighting significant safety concerns.
- Manufacturing Process Review: NHTSA assessed the “scope, frequency, and manufacturing processes” related to the issue, noting that both vehicles were built in early January 2023 at Tesla's Austin and Fremont plants and underwent final assembly repairs before delivery.
- Potential for Future Action: Although the investigation has been closed, NHTSA emphasized that this does not imply the absence of safety-related defects and indicated that further action may be taken if new information arises, reflecting ongoing vigilance regarding consumer safety.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 376.300
Low
25.28
Averages
401.93
High
600.00
Current: 376.300
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investigation Closure: The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into approximately 120,089 Tesla Model Y vehicles without any action taken, indicating a relatively lenient regulatory stance towards Tesla.
- Safety Concern Assessment: Initiated in 2023, the investigation focused on reports of steering wheels potentially detaching due to a missing retaining bolt, following two complaints of steering wheel detachment while in motion, highlighting significant safety concerns.
- Manufacturing Process Review: NHTSA assessed the “scope, frequency, and manufacturing processes” related to the issue, noting that both vehicles were built in early January 2023 at Tesla's Austin and Fremont plants and underwent final assembly repairs before delivery.
- Potential for Future Action: Although the investigation has been closed, NHTSA emphasized that this does not imply the absence of safety-related defects and indicated that further action may be taken if new information arises, reflecting ongoing vigilance regarding consumer safety.
See More










