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Tesla to recall over 9,000 vehicles

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Miguel A. Rodriguez
Miguel A. Rodriguez
26 November 2020
Untightened bolts and roof trims made Tesla recall more than 9,000 cars

After General Motors announced that will recall 7 million vehicles due to faulty airbags, another company is recalling some of its vehicles.

For Tesla, the National Highway Traffic Safety Administration (NHTSA) announced that "the front and spine cosmetic roof trim may have been adhered without first using primer, and one or both pieces of trim may separate from the vehicle while it is being driven." Following the data, Tesla will issue two recalls totaling around 9,500 cars. The larger recall of 9,136 covers the Model X vehicles produced in 2016, while the second involves 401 Model Y cars produced this year.

According to Tesla, its engineers discovered that the upper control arm tends to separate. All the recalled vehicles will be inspected and, if necessary, adjusted accordingly.

Despite the news, Tesla's stock price closed 3.35% higher.

Read here all about the General Motors recall!

Sources: reuters.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.