Tesla to recall over 9,000 vehicles

By: Miguel A. Rodriguez

18:00, 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

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.