Here's what Tesla shares did after the company announced a huge recall

On Friday, Tesla announced it was recalling about 90,000 Model S vehicles worldwide because some of the cars have front seat belts that could malfunction in an accident.

Shares immediately dipped by nearly 3% on the news.

There has been no car accident linked to this issue, but the company is recalling the cars out of an "abundance of caution," according to a Tesla representative.

Tesla shares fell 11% on October 20 after Consumer Reports pulled its recommendation for the Model S sedan, citing reliability issues.

None of them appeared to be related to a faulty seat belt, though, and instead included sunroof squeaks and door handles that did not extend properly.

Tesla shares are down about 3% year-to-date, and 13% over the past year. Here's the drop in trading on Friday:

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