Tesla (TSLA) Launches Voluntary Recall Of Tesla 2, 2.5 Affecting 439 Roadsters

Posted by Tate Dwinnell | # |
10:11:51 am on October 4, 2010

Tesla Motors (TSLA) announced a voluntary safety recall of 439 Roadsters (2, 2.5) due to a potential fire hazard involving a low voltage auxiliary cable.  The company decided to issue the recall after the cable in a single vehicle rubbed against the edge of a carbon fiber panel, shorting out and smoking.  The fix is a simple placement of a protective sleeve over the cable.

Shares aren’t moving on the news and are actually trading up today.  The stock continues to trade in a fairly tight range and is holding up above key support of the 50 day moving average.

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