Tesla issued a recall for 475,000 cars due to technical flaws that could raise the risk of accidents

Tesla Inc. issued a recall for 475,000 cars in the United States, which is nearly equal to its global sales last year, due to technical flaws that could raise the risk of accidents.

The business intends to recall all Model 3 vehicles manufactured between 2017 and 2020, which might total 356,309 units. It warned the National Highway Traffic Safety Administration that opening and closing the trunk could damage the cable harness for the rear-view camera, preventing the image from being shown.

According to a second NHTSA statement posted on its website Thursday, Tesla is recalling as many as 119,009 Model S cars built from 2014 due to a faulty front-trunk lock that might cause the hood to open unexpectedly.

Both flaws will be fixed at no cost, according to the business.

Tesla has discovered 2,305 warranty claims that may be tied to either of the two flaws, according to the NHTSA, although no related collisions, injuries, or deaths have been reported.

As of 9:40 a.m. in New York, Tesla’s stock had pared an early loss of as much as 3% to trade down 2.3 percent to 1,060.88. This year, the stock has increased by nearly 50%.

While the extent of Tesla’s recall is extensive, such recalls are becoming more common in the auto industry. According to Chicago-based consulting firm Stout, recalls in 2020 would encompass more than 300 auto models and affect about 28 million vehicles, excluding Takata airbag recalls.

Tesla’s recalls appear to have nothing to do with more controversial concerns regarding regulatory examination of the electric carmaker’s technology.

The National Highway Traffic Safety Administration announced earlier this month that it is investigating a new Tesla software update that lets drivers to play video games on a dashboard screen while the vehicle is moving. The National Highway Traffic Safety Administration is also looking into Tesla’s Autopilot system. After a dozen incidents at crash scenes involving first-responder cars, US regulators initiated an investigation.

Tesla had to release a software update to more than 285,000 cars in China earlier this year, accounting for the majority of the vehicles it has supplied in recent years, to solve a safety issue found by the country’s regulator.