Why is Tesla stock sliding today?

Tesla is recalling 3 million vehicles in China due to safety concerns with hidden door handles, which may hinder emergency exits. The recall is part of a larger effort involving 4.3 million vehicles from eight automakers. Tesla shares dropped 2.78% to $352.79. The company plans to add warning labels and issue a software update. China will ban hidden door handles from 2027. Similar issues were reported in the U.S.

U.S. automaker stocks fell Monday after President Trump announced a 50% tariff increase on Canadian imports starting January 1, 2027. Ford (down 2.3%), Tesla (down 2.6%), GM (down 0.9%), and Stellantis (down 3.1%) were affected. Trump stated the tariffs aim to reduce the U.S.-Canada trade deficit and encourage domestic production.

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.

Tesla is recalling nearly 3 million vehicles in China, including 2.9 million domestically-made Model 3 and Model Y cars, due to interior door handles that may hinder emergency exits. The recall begins Sept. 25. Additionally, Tesla is recalling 46,000 imported units of Model 3, X, and S. Other Chinese automakers, including Xiaomi, XPeng, Geely, and Leapmotor, are also recalling vehicles for similar issues. The recalls align with China's plan to ban hidden door handles by 2027.

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.