Tesla recalling 53000 vehicles worldwide for brake problem

Derek Jenkins VP of Design at Lucid Motors introduces the alpha prototype of the Lucid Air at the 2017 New York

Tesla recalling 53000 vehicles worldwide for brake problem

Tesla issued a voluntary recall for approximately 53,000 examples of the Model S hatchback and the Model Xcrossover.

Tesla Inc. (NASDAQ: TSLA) announced Wednesday afternoon that it is recalling 53,000 Model S sedans and Model X sport utility vehicles to resolve a problem with the vehicles' electric parking brakes.

In US trading, Tesla shares closed down 1% at $302.51. But Tesla adds that, is "in order to be cautious" it is acting proactive I replacing the parts to head off any potential issues.

Regular brakes aren't affected by the problem.

Affected owners have been emailed, and it doesn't sound like it'll give them too much of a headache to get it sorted, with the replacement part taking less 45 minutes to replace. For instance, the company has issued a recall notice voluntarily after a lawsuit was filed.

Less than 5 per cent of the recalled vehicles may be affected and it would just take around 45 minutes to replace the brakes, said Tesla, which this month became the most valuable United States auto company. The company's mobile technicians will be able to check the vehicles quickly and deal with any Model S or Model X customer cars that need a fix.

Customers who bought the said models manufactured from February to October past year will be sent an official recall notice by mail.

Tesla manufactured around 84,000 vehicles in the a year ago, with the 53,000 being recalled representing a significant majority of those. The recall, which affected 439 cars, reported possible issues on its 12v low voltage auxiliary cable.

The only potentially significant concern, one would imagine, is servicing so many vehicles.

The electric auto giant said around two per cent of the 53,000 vehicles which were made in February to October 2016 have been affected.

How long will it take to service and replace the part?

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