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Tesla (TSLA) Recalls Model S Cars to Check Front Seat Belt

Tesla Motors, Inc.TSLA announced a voluntary safety recall of all its Model S vehicles to fix a problem in the front seat belts. According to the company, the seat belt may not be properly connected to the outboard lap pretensioner in some of the vehicles. Thus, it is recalling all vehicles to check if a repair is needed. Currently, Tesla has nearly 90,000 Model S vehicles on the road.

The problem was reported earlier this month by a Tesla customer in Europe after the car's front passenger seat belt detached from the seat. The issue was likely due to improper bolting of the seat belt anchors, per the company. However, there was no accident or injury related to it.

Moreover, Tesla's technicians have checked nearly 3,000 vehicles so far and did not find the issue in any of these. The company also stated that the rear seat belts of the car are not affected by this problem. Additionally, none of the seat belts of Model X or Roadster are affected.

Nevertheless, Tesla has informed the concerned government agencies in various nations about the problem. It has also clarified that the recall will not have any major impact on the company's earnings. Although this is the largest recall in Tesla's history, the defect is a minor one and can be easily fixed.

Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include General Motors Co. GM , O'Reilly Automotive Inc. ORLY and Pep Boys - Manny, Moe & Jack PBY . All these stocks carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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