💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Tesla recalling 90,000 Model S sedans to check seat belts

Published 11/20/2015, 12:59 PM
Updated 11/20/2015, 01:30 PM
© Reuters. A Tesla car 'Model S' sits in a dealership in Berlin
TSLA
-

(Reuters) - Tesla Motors Inc (O:TSLA) is recalling all 90,000 Model S sedans produced to check for a possible defect in the front seat belt assemblies, the company said on Friday.

The recall is worldwide. Most of the affected vehicles are in the United States, with some in Europe and Asia. Shares of the "green" carmaker were down 2.2 percent at $217 on the Nasdaq in early afternoon.

The cost of the worldwide recall will be "immaterial," the company said. The problem was discovered after a single report to the company in early November of a seatbelt assembly breaking when a customer in the front passenger seat of a Model S on the road in Europe turned to talk with passengers in the rear seat.

There have been no accidents or injuries related to the problem, a Tesla spokesman said on Friday. The company emailed owners of the battery-powered luxury sedan, asking them to bring their cars to one of about 125 Tesla service centers worldwide for an inspection of a bolt that attaches the seat belt mechanism to the body of the car.

"Our investigation was unable to reveal any root cause," said the Tesla spokesman. "We are going to look at every single car."

He added: "We expect the vast majority of seatbelts to be fine."

Last year, Tesla recalled 29,222 model S sedans over a charging defect that could lead to a fire hazard. In 2013, it conducted a recall of 1,228 Model S sedans over the strength of a mounting bracket affecting the second row seat.

Tesla may send service technicians to customers if necessary, the spokesman said. The company sells and services vehicles with its own personnel and stores. Other automakers perform recall repairs through networks of dealers.

Fixing an improperly installed belt assembly will take about 6 minutes, Tesla officials said.

© Reuters. A Tesla car 'Model S' sits in a dealership in Berlin

Tesla is telling customers they can test the seat belt assemblies themselves by pulling "very firmly" on the lap portion of the belt with a force of at least 80 pounds. But the company said customers should still visit a Tesla service center.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.