Nearly 3M Teslas among EVs recalled in China over door handle safety

China is recalling over 4 million vehicles, including nearly 3 million Teslas, due to safety concerns over flush door handles. The recall also affects models from Xpeng, Xiaomi, and Geely. The feature, popularized by Tesla, is deemed a safety hazard.

Elon Musk claims SpaceX and Tesla will surpass Wall Street's five-year revenue growth forecasts. SpaceX's revenue grew 92% YoY to $7.8B in Q2 2026, while Tesla's revenue rose 26% YoY to $28.24B. Analysts project SpaceX's revenue to surge 2,090% and Tesla's to increase 119% over five years. However, Musk's past predictions have often been delayed, raising investor skepticism. Both companies' stocks dropped after recent earnings due to high capital expenditures.

Tesla is recalling 2.98 million vehicles in China due to safety concerns over hidden door handles, which may be difficult to operate in emergencies. The recall follows fatal crashes involving Xiaomi EVs. Tesla will add warning labels and issue a software update. China plans to ban hidden door handles by 2027. Other affected brands include XPeng, Xiaomi, and Geely.

Tesla and eight other automakers will recall 4.3 million vehicles in China due to concerns about emergency door-opening difficulties. The recalls involve software updates, warning labels, and improved door handle markings. Tesla's recall is the largest, affecting 2.98 million vehicles. Chinese regulators have increased oversight of the EV industry, with a ban on concealed door handles set for 2027. The cost of the recalls may be limited due to modern over-the-air updates.

Tesla held 50.5% of the U.S. EV market in Q2, down from 54.2% in Q1, according to Cox Automotive. Total U.S. EV sales fell 20%, while Tesla's sales declined 13% year-over-year. Globally, Tesla's deliveries rose 25% but lost market share in Europe and China. The company is also developing AI robots.

Tesla has begun high-volume production of its Semi electric truck at Nevada's Gigafactory 1. The company secured its largest order to date, 500 trucks, from Swedish firm Einride for US operations. Pricing starts at $260,000 for the Standard Range model. Details on European pricing and specs will be revealed at the IAA Transportation conference in September.