Tesla recalling cars to address brake defect

Tesla recalling cars to address brake defect

Tesla is recalling 53,000 cars to address a manufacturing defect that could prevent parking brakes from releasing, the company said Thursday.

Tesla described the move as a "voluntary" recall taken after determining that Model S and X vehicles manufactured between February and October of last year "may contain a small gear that could have been manufactured improperly by our third-party supplier," the company said on its website.

There have been no reports of accidents or injuries relating to the defect.
"However, in order to be overly cautious, we are going to be proactively replacing these parts to ensure that no issues arise," the company said.

The recall comes as Tesla remains close with General Motors as the US automaker with the highest market capitalization.

Some analysts have expressed scepticism about the meteoric rise in Tesla shares given that the company still sells only a fraction of cars compared with GM or Ford.

Tesla shares fell 1.1 percent to $302.24 in midday trade, giving it a market capitalization of about $50.1 billion, around $1.2 billion below that of GM's.

Tesla recalling cars to address brake defect was posted in Sci-Tech of Geo TV - https://www.geo.tv on April 21, 2017 and was last updated on April 21, 2017. This news story is related to Science News, Technology News, Science And Technology News, Latest Science News, Latest Technology News, Geo News. Permanent link to the news story "Tesla recalling cars to address brake defect" is https://www.geo.tv/latest/138889-Tesla-recalling-cars-to-address-brake-defect.