Tesla (TSLA) Recalls 130K Cars, Halts Giga 3 Operations

$Tesla(TSLA.US)$ has once again issued a new recall impacting nearly 130,000 vehicles. The recalled cars (consisting of 2021-2022 Model S and Model X, besides 2022 Model 3 and Model Y) were facing an overheating problem concerning the CPU of the center screen’s computer. The infotainment CPU may overheat during the preparation or process of fast-charging that causes the CPU to lag or restart.
The National Highway Traffic Safety Administration has stated that an official recall is required since the glitch can affect critical functions when pre-conditioning the pack on the way to a Supercharger.
In another blow, $Tesla(TSLA.US)$ has been forced to halt most of its production at its Shanghai Giga 3 plant due to the ongoing shortage in plants needed for its electric vehicles, per media sources.
The plant intends to bring down capacity to lower than 200 vehicles on each day, far lesser than the almost 1,200 units it had been building each day since it reopened on Apr 19 after a 22-day production hiatus.
It is not yet clear as to when the current supply challenges will be mitigated and the company can move back to its initial optimistic plans to bolster capacity at the plant.
Shares of $Tesla(TSLA.US)$ have gained 35.7% over the past year against the industry’s 2.8% decline.