Tesla recalling 53000 vehicles worldwide for brake problem

The Lucid Air speed test car is displayed at the 2017 New York International Auto Show

ANDREW KELLY REUTERS The Lucid Air speed test car is displayed at the 2017 New York International Auto Show

Tesla has recently discovered a potential issue with the electric parking brakes installed on some Model S and Model X vehicles that were built between February and October 2016.

In 2013, the National Highway Traffic Safety Administration, a U.S. federal government agency, awarded the Tesla Model S a 5-star safety rating, and said the vehicle "set a new record for the lowest likelihood of injury to occupants".

The affected vehicles were built between February and October 2016 as those vehicles could have a small, possible improperly manufactured, gear in them.

The company said overnight that it was working with Italian supplier Freni Brembo to get the replacement parts.

The electric auto maker said about 2% of the 53,000 vehicles built from February to October 2016 were affected, but all of those cars are being recalled.

Tesla said it hasn't seen "a single accident or injury" relating to the brake issue, and there have been no reports of the system failing to hold a parked vehicle or stop a vehicle in an emergency.

Tesla said it would take 45 minutes for its mechanics to replace the brakes in question.

Tesla Korea said it will first install three supercharger stations at the InterContinental Hotel in Gangnam-gu, Gran Seoul Building in Jongno-gu and Tedin Resort in Cheonan, South Chungcheong Province, by June. If that gear were to break, the parking brake could become stuck in place, the company said.

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.

Shares in the USA auto maker dipped 1.12 per cent at $302.08 on the news.

You never know which way a stock will head in a moment, but at least one analyst covering Tesla thinks the 1% drop is even further than makes sense.

Shares in the company fell 1pc, closing at $302.51 (£235.96) following the announcement.

The announcement comes after a record 53.2 million vehicles were recalled in the USA past year, according to the Transportation Department. The recall, which affected 439 cars, reported possible issues on its 12v low voltage auxiliary cable.

Tesla issued a recall Thursday of 53,000 Model S and Model X cars due to a parking brake issue.

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