Tesla (NASDAQ:TSLA) Recalls Model S, Model X Cars in China

Tesla (NASDAQ:TSLA) Recalls Model S, Model X Cars in China

Tesla (NASDAQ:TSLA) Recalls Model S, Model X Cars in China

$TSLA

Last Friday, US EV (electric car) maker Tesla (NASDAQ:TSLA) started to recall 6,634 Model S and Model X electric cars in China over a parking brake problem, according to China’s consumer quality watchdog.

The recall was filed by Tesla Auto Sales (Beijing) Co. to the country’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).

All the vehicles were manufactured between February and October of 2016, the AQSIQ said in a statement.

The parking brake system in some of those cars may have defective gears that may break once engaged. If the gear were to break, the parking brake cannot be disengaged.

The company will replace defective brake calipers free of charge.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 308.03 24 April 2017 2.43 309.22 310.55 306.02 5,078,700

 

HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Bullish (0.45) Bullish (0.39) Bullish (0.40) Very Bullish (0.58)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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