The company will likely resolve the disappointments that have led to a falling stock price in recent years.
The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. Tesla will release an over-the-air software update to fix the issue, with deployment expected to start in June. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said.
This Chinese EV maker might still have room to run.