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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Business

Tesla Makes Recall on 53,000 Model S and Model X Vehicles

Hyundai and Kia aren’t the only automakers issuing a recall for vehicles. Recently, Tesla Motors issued a global recall from some of its Model S and X cars for a problem with the parking break. While earlier in the month Hyundai and Kia said they’d have to recall over 1.4 million vehicles in Canada, Europe and the U.S., Tesla says that only 53,000 vehicles are to be recalled.

The vehicles that fall under the recall are those that were manufactured during the span of February to October 2016. Yet even though only 2 percent of the 53,000 vehicles were affected by the defect, the electric car making is pulling all the vehicles just to make sure.

Currently, there has been no report of any accidents of injury due to the parking break default.

The company made a statement explaining that in the Model S and the Model X there is a “small gear” in the parking break that could possibly have been “manufactured improperly by our third-party supplier.” If the gear breaks, the parking break would prevent the car from moving but be stuck in place.

Testa says that drivers are “safe to continue regular use of your vehicle” and that so far there have been no known reports of any parking breaks in either model failing. Yet it was just a few years ago, back in 2013, that the National Highway Traffic Safety Administration gave Tesla’s Model S a 5-star safety rating. The administration said that Tesla’s vehicle “set a new low record for the lowest likelihood of injury to occupants.”

But two years later in November of 2015, Tesla recalled over 3,000 of the Model S vehicles because of an issue with the seat belt connectivity.

Last year, Tesla made 83,922 cars including both the Model S and Model X. It was also earlier this week that the company’s chief executive, Elon Musk, said that the company would release its electric articulated lorry sometime in September. He also noted that an electric pick-up truck would be coming sometime in the next two years.

It has been stated by Musk that the company has been wanting to expand its manufacturing beyond cars. Yet even though this would seem like a good direction, analysts are worried that Tesla might not be able to meet the demand for its current projects.

This is believed because of the Model 3, which is a more mid-sized vehicle, already has over 400,000 pre-orders. That amount is far more than the company can make in a year. When Tesla contemplates expanding its vehicle output it should take in account the competition from larger automakers like General Motors who had the electric Chevy Bolt.


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