Tesla Stock Plunges Following Recall of 10,500 Powerwall 2 Systems

Tesla shares experienced a decline in premarket trading Friday, following the announcement of a recall of approximately 10,500 Powerwall 2 home battery systems due to potential fire and burn hazards. This safety issue was disclosed by the U.S. Consumer Product Safety Commission (CPSC) after receiving reports of overheating incidents from customers, including five fires that resulted in minor property damage.