RPT-UPDATE 2-Tesla's Musk admits Model 3 braking issue, promises fix [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Tesla's Musk admits Model 3 braking issue, promises fix | Reuters 3 Min Read (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Responding to a review by influential U.S. magazine Consumer Reports which stopped short of recommending the car, Musk said in a round of tweets late on Monday that the magazine’s tests - which used two separately-sourced vehicles - had been of older versions of the car that had already been improved upon. The issue, which ate into gains for Tesla shares on Monday, came at a time when Tesla is dealing with reports of crashes involving its vehicles and growing scepticism over its finances. Tesla stock, down around $100 dollars since last September, gained around 1 percent on Tuesday, having finished almost 3 percent higher on Monday, helped by an easing of trade t
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News
- Tesla And Amazon Prove Everything Old Is New Again [Forbes]Forbes
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- Elon Musk's Weird Excuse for Tesla's Tumble: We're Not a Car Company! [Yahoo! Finance]Yahoo! Finance
- Tesla has autonomous ride-hailing service in pipeline: what to know [FOX Business Network]FOX Business Network
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Sec Filings
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- 4/24/24 - Form 10-Q
- 4/23/24 - Form DEFA14A
- TSLA's page on the SEC website