Tesla Inc. said it has discovered a tire-pressure-monitoring malfunction that, if left unchecked, raises the risk of a crash, prompting the electric-vehicle giant to recall about 700,000 vehicles. The good news for owners of the recalled vehicles is that the problem can be fixed with an over-the-air software update.

Tesla announced the recall of nearly 700,000 vehicles this week due to a faulty tire pressure monitoring system that could put drivers at risk.

Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system.

Shares of Tesla Inc. rose 2.27% to $430.60 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.98% to 19,764.89 and the Dow Jones Industrial Average rising 0.

Tesla stock rose early Tuesday, adding to recent gains even as the auto industry prepares for its latest shake-up. Tesla stock was up 1.1% to $435.58 in premarket trading. Shares rose 2.3% on Monday.