Shares of the US luxury electric auto maker dropped 1.3 percent to $301.50 in afternoon trading.
We don't believe this issue could ever lead to a safety concern for our customers, and we have not seen a single accident or injury relating to it.
If you own a Tesla Model S or Model X built between February and October 2016, it might have a duff parking brake.
Tesla Motors is recalling 53,000 vehicles that include its Model X and Model S units.
Tesla said it is safe to use the vehicle while recall efforts continue.
Of the 53,000 vehicles involved in the recall, Tesla expects less than 5% of those to be affected by the defective part. It also added that if the gear breaks, auto would keep moving, but parking brake would be stuck in place. The fix should take less than 45 minutes per vehicle and enough replacement parts for all affected vehicles are expected to be available by October.
The recall covers about 63% of the roughly 84,000 vehicles Tesla manufactured in 2016. It is asking them to return the cars so that the braking part can be replaced.
Trump extends private-sector health care program for vets
Tester is the primary sponsor of the bill that amends the Veterans Access, Choice and Accountability Act of 2014. Shulkin said the extension is important because it gives veterans another avenue for care.
In 2013, the National Highway Traffic Safety Administration, a United States federal government agency, awarded the Tesla Model S a 5-star safety rating, and said the vehicle "set a new record for the lowest likelihood of injury to occupants".
Tesla lacks a traditional network of franchised dealerships that handle both sales and service, including recall repairs.
The recall is the company's second-largest to date, according to a report by Bloomberg. It recalled 90,000 Model S cars in November 2015 because of a report of a seat belt not being properly connected.
Following recent software update that was a part of Tesla's AP2.0 the auto started "behaving as if a drunk driver is at the wheel" when Autopilot is engaged, the suit said, citing a customer report.
The company said on April 20 it was working with Italian supplier Freni Brembo SpA to get the replacement parts.
Tesla reversed gains and fell by as much as 1.7 percent.
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