10:20:07 EDT Mon 24 Aug 2026
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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 29,650,000
Close 2026-08-21 C$ 31.45
Market Cap C$ 932,492,500
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Globe/NYT say Tesla hit with recall in China over fires

2026-08-24 06:52 ET - In the News

The Globe and Mail reports in its Saturday edition that China announced its biggest car recall ever Friday, forcing nine automakers to address the dangers of retractable door handles popularized by Tesla. A New York Times dispatch to The Globe says the recall involves 4.3 million vehicles. Most of the carmakers, including Tesla, will attach stickers to their cars to show where the handles are located. Tesla will also push on-line software updates to the cars so their windows will open automatically after a crash. Concerns about the doors have also flared in the United States where families have sued Tesla, claiming its design was defective and led to the deaths of people who could not exit after accidents. The largest recall by far will be by Tesla, covering almost three million cars, with the other manufacturers recalling 1.3 million cars. Tesla has long been one of the biggest sellers of electric vehicles in China. The recalls follow growing public anger in China about cases in which drivers and passengers, as well as rescuers, had trouble finding and operating interior and exterior door handles during fires. In February, Chinese regulators banned fully retractable door handles from new cars starting next year.

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