A problem in the tire pressure monitoring system has lately led Tesla ( TSLA , Financials ) to declare a recall of 649,304 cars in the United States. Included among the impacted models are Cybertruck, Model 3, and Model Y. The business intends to solve this by means of an over-the-air software upgrade.

Apart from the recall, Tesla has been continuously expanding the range of products and services. Recently, the business revealed the Cybercab, a driverless, pedal-less car meant to transform city mobility. Priced around $30,000, the Cybercab is planned to start production in 2026 and run under part of Tesla's autonomous ride-hailing business, the Tesla Network.

Moreover, Tesla unveiled the Robovan, an autonomous car able to carry up to 20 people or cargo, thus stressing its dedication to broadening its products in the market of autonomous vehicles.

Shares have declined 0.90% after the recall news. Early trade on Friday also dropped 5.5%, without any obvious trigger like target price adjustments or Wall Street downgrades. Investor anxiety could have resulted from conjecture over CEO Elon Musk's possible political engagement.

In the market for electric cars, Tesla leads even with these swings. With a market share of 19.9%, the business claimed vehicle deliveries of 1.8 million units in 2023, up 38% from 2022, keeping its position as the top selling battery electric passenger car manufacturer worldwide.

Recent investor communications suggest that Tesla's ambitious 2025 goals call for a sequence of product introductions. The firm is likely to present fresh models and technical innovations, therefore reinforcing its position in the quickly changing electric car scene.

This article first appeared on GuruFocus .