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Tesla Issues Its Largest Recall Ever Voluntarily Over Faulty Model S Steering (theverge.com)
Tesla announced today that it is recalling 123,000 Model S vehicles around the world over a power steering issue. The company said via an email that it was a proactive move and none of the company's other vehicles are affected. The Verge reports: The automaker said 123,000 Model S vehicles built before April 2016 were affected. No injuries or crashes have been reported in connection with the problem. In the email, Tesla said it had, "observed excessive corrosion in the power steering bolts," but that the problem was most prevalent in colder climates where road salt is used. "If the bolts fail, the driver is still able to steer the car, but increased force is required due to loss or reduction of power assist," Tesla wrote in the email to customers. "This primarily makes the car harder to drive at low speeds and for parallel parking, but does not materially affect control at high speed, where only small steering wheel force is needed." Tesla said owners do not need to stop driving their cars if they haven't experienced any problems. The company said it would inform Model S owners when a retrofit, which is estimated to take an hour to install, is ready in their area.
100% of Tesla's recalls have been voluntary and arisen from internal rather than NHTSA investigations, which is not normal for "plenty of auto makers". Also, see this.
Some important information was also left out of this summary.
1) The corrosion-prone bolts are not in a component made by Tesla. It's made by Bosch.
2) Because the fault is Bosch's, Bosch has to cover the cost of the replacement.
"99 dead duelists of Dios on the wall. 99 dead duelists of Dios! Take one's ring, pass it around..."
Everybody's stock is falling after Trump thought tariffs would be a brilliant idea. By the way, slashdot mods who downmod me every time I describe how tariffs are a terrible idea...I told you so.
Well yeah clearly you do not understand the free market, supply and demand, PR=B$ and greed. You are not charged a reasonable price based upon reasonable costs on anything what so you. You are charged the highest possible price, where increasing it further would actually reduce profit, due to significant drops in revenue as a result of diminished sales. If they could, rather than buying something and selling it with a reasonable market, they would via corruption demand to be paid to take it and them demand via that same corruption, that you pay for it at the price they demand, by regulation, fail to buy and be penalised example it's called "Obama Care", a far right medical system, dumped on the US by a whole bunch of pretend left corrupt corporate douche bags.
So in US terms, what will tariffs do, where the maximum possible price is already being charged, reduced profit margins and there goes the share price. There is so much crony capitalism combined with corruption of Democracy that you pay the fair price on practically nothing. The price of the food you eat has been enormously artificially inflated by futures trading on food, the profit from this goes to the banks, for doing nothing other than corrupting government, you pay more for food to feed the insatiable greed of those who own banks, banks being pretty much nothing more than corporate taxation system, corporations charging taxes on all transactions.
However tarrifs should not be random but reflect the impact of regulated costs on fair completion, those regulated costs, wages, worker safety conditions, environmental safety requirements, product safety requirements, local, state and federal taxes, fees and charges. They should not occur at random but in a national trade court, where companies can apply for fair competition relief and the appropriate tariff applied to reflect regulated costs of operation. Double plus bonus, to reduce the tariff the affected country need just apply the same regulations, and either spend that money locally or pay it at the border of another country.
Chaos - everything, everywhere, everywhen
Even less of a big deal than that. Power steering is supplied by Bosch and they are covering the recall costs. Doesn't cost Tesla anything.