Tesla Recalls 53000 Cars Over Parking Brake Issue

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

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

Tesla Inc. recalled almost two-thirds of the vehicles it made past year to replace faulty electronic parking brakes that may not release properly, marking its second-largest recall to date.

Tesla says the recalled vehicles were manufactured between February and October of 2016 and equipped with electric parking brakes with gears inside that can break.

Bloomberg reports that even this non-issue caused shares to drop just over 1% on the news.

There have been no accidents or injuries related to the issue, the company said. But Tesla adds that, is "in order to be cautious" it is acting proactive I replacing the parts to head off any potential issues. These brakes ensure the auto does not move once placed in Park, however, the affected models contain a small gear in the brakes that is prone to fracturing.

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The company said it would soon send out official recall notices by mail to owners. It will take 45 minutes to replace both brakes, and the carmaker hopes to have all sufficient parts for affected vehicles replaced by October. 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.

The company announced the recall overnight in the U.S., issuing a statement that the problem involved a small gear from a third-party supplier.

Musk said the electric semi-truck is due out in September, and the unveiling of its electric pickup truck in 18 to 24 months. It said the affected models may contain a small gear that appeared to have been manufactured improperly by a third-party supplier. Automakers recalled more than 53 million vehicles in the United States last year, the third-straight year of record vehicle callbacks.

The company issued a voluntary recall in November 2015 for almost 90,000 Model S sedans for a balky seat belt. Because of the design of the gear, it is hard to tell exactly which vehicles are affected.

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