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Zorro

(15,860 posts)
Tue May 22, 2018, 11:51 AM May 2018

Tesla's Musk admits Model 3 braking issue, promises fix

Source: 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 tensions with China which may aid its plans to produce there.

Read more: https://finance.yahoo.com/news/teslas-musk-admits-model-3-103855989.html

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Tesla's Musk admits Model 3 braking issue, promises fix (Original Post) Zorro May 2018 OP
Elon's also pissing on unions on twitter Blue_Tires May 2018 #1
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