Tesla shares climbed about 0.6% to $350.983 Tuesday morning even as the company faces China's largest automotive recall affecting roughly 2.98 million locally produced and imported vehicles over emergency door-release risks. The recall equals about 6.2 quarters of Tesla's latest vehicle deliveries, after the company delivered more than 480,000 vehicles in the second quarter and produced over 450,000. Investors appear to be betting the fix can be handled through a software update, which would keep the direct financial impact manageable, though tougher regulators, shaken customer confidence, and costly design changes remain bigger threats. The stock sits only 5.28% above the $333.39 GF Value estimate, suggesting valuation is not wildly overheated.
Tesla IncChina's largest automotive recall over door-release risks, though software fix may limit financial impact.
