What the Cybertruck’s many failures mean for Tesla

Recall represents another ‘black eye’ for the company which saw its share prices fall this week, wiping away all its gains this year

Tesla recalled all Cybertrucks Friday after federal safety regulators contacted the company over malfunctions with the vehicle’s accelerator pedal. New Cybertruck orders have been reportedly cancelled or stalled. The news follows numerous reports of embarrassing Cybertruck failures.

The recall represents a major blow to Tesla, which has weathered a difficult year, seeing poor earnings reports in recent quarters as competing Chinese electric vehicle manufacturers encroach on the electric vehicle market.