Tesla shares shrug off ‘soft recall’ of 285,000 cars in China


A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China.

Gao Yuwen | Visual China Group | Getty Images

Tesla shares closed up more 2.51% Monday following ongoing challenges for the company in China.

Over the weekend, China’s vehicle safety authority, the State Administration for Market Regulation, announced that Tesla was implementing a voluntary recall — via a software update — to fix alleged safety issues with the driver-assistance systems in 285,520 of its Model 3 and Model Y vehicles in the country.

The recall covered 249,855 Model 3 sedans and Model Y crossovers manufactured by Tesla in Shanghai, along with 35,665 Model 3 vehicles manufactured by Tesla…


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