San Francisco: Tesla has recalled about 123,000 Model S sedans, asking customers with cars built before April 2016 to have their power steering bolts replaced, the media reported. A Tesla spokesperson on Thursday said the company has observed “excessive corrosion” of the part in some cold climates where a certain[Read More…]
Tag: Model 3
Sharp decline in price of Tesla shares, more roadblocks ahead
A day after its stock briefly fell into bear market, Tesla started the production of its much-awaited Model 3 on Friday. The week’s 13% share-price decline as of Friday morning brings the company’s financial position into question. However, Tesla had plenty of cash on hand initially—more than $4 billion as[Read More…]
India-bound Tesla Model 3 details leaked
With the Model 3’s launch fast approaching, its details have been pouring in of late. The recent leak tells us about the 60mph (96kmph) sprint time and the number of configuration options among other details. Apart from Tesla CEO Elon Musk’s impromptu Twitter responses and the very first spy shots[Read More…]