Tesla Tumbles After-Hours On Massive Model S Recall | Zero Hedge
Description: Sometimes it's just not your week...

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# Tesla Tumbles After-Hours On Massive Model S Recall

Sometimes it's just not your week.

On top of crashed cars, autonomous vehicle fatalities, production targets plunging, and ratings downgrades, Elon Musk's car-making company is tumbling after-hours following reports of the recall of 123,000 Model S Sedans.

AP reports that Tesla is recalling 123,000 sedans worldwide to fix a problem with the power-assisted steering.

> The recall covers all Model S sedans built before April of 2016.

> Three bolts holding the power steering motor in place can corrode and either come loose or break, possibly causing a loss of power steering. Manual steering would still work.

> Tesla says the problem happens infrequently in places where salt is used to clear snow and ice from roads. It's recalling all the cars even in warm-weather states just in case.

> No crashes or injuries have been reported.

> Service centers will replace the bolts with ones that are more corrosion-resistant. Owners will be notified Thursday by email. Tesla says replacement parts will be available first in cold-weather areas, then in warmer climates.

And the reaction is clear after-hours...

As the company's stock gives up all of today's day-session gains and reverts back towards the bond-market's view...

Stormier weather in Muskville...

## Comments

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wisefool Thu, 03/29/2018 - 18:31 Permalink

Wait till the taxpayers find out about spaceX ...

... nothing will happen. the IRS will still ruin your life.

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yomutti2 wisefool Thu, 03/29/2018 - 18:38 Permalink

The Russian shills can beat on Musk and Tesla all they want. But it won't change the fact that SpaceX is going to wipe out the Russian launch industry.

In reply to Wait till the taxpayers find… by wisefool

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Schlomo Shekelstein yomutti2 Thu, 03/29/2018 - 18:39 Permalink

Oy vey !

Another one bites the dust..

Couldn't happen to a more deserving guy.

At least we'll always have Mars.

In reply to The Russian shills can beat… by yomutti2

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Mr. Universe Schlomo Shekelstein Thu, 03/29/2018 - 18:43 Permalink

On a personal note, he sent out cigars on the announcement of his Dad's step-daughter giving birth to their new son. Ok, so he didn't. But Dad swore it was just one-off. I don't think Elon is buying

> “My dad will have a carefully thought-out plan of evil. He will plan evil. Almost every crime you can possibly think of, he has done. Almost every evil thing you could possibly think of, he has done. It’s so terrible, you can’t believe it.”

In reply to Oy vey by Schlomo Shekelstein

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BurningFuld Mr. Universe Thu, 03/29/2018 - 18:49 Permalink

Bolts that will corrode right through in only three years! I see he was using quality parts. I hate to be the bearer of bad news but resale on Tesla vehicles is not going to be very good.

In reply to On a personal note, he sent… by Mr. Universe

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ShrNfr BurningFuld Thu, 03/29/2018 - 18:51 Permalink

But you do not understand. This happened in the harsh Kalifornica climate.

In reply to Bolts that will corrode… by BurningFuld

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Uchtdorf ShrNfr Thu, 03/29/2018 - 19:01 Permalink

TSLA market cap is now $45 billion. Netflix, which actually makes stuff, is $128 billion. Now there's a value.

In reply to But you do not understand… by ShrNfr

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I hate cunton Uchtdorf Thu, 03/29/2018 - 19:09 Permalink

Bitcoin is down.

In reply to TSLA market cap is now $45… by Uchtdorf

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Antifaschistische ShrNfr Thu, 03/29/2018 - 19:55 Permalink

We have learned NOTHING new about Tesla that we did not know a year ago. GS must have decided it was time to take a massive short position then they release their media kraken's to rip Elon's safe out of the wall.

In reply to But you do not understand… by ShrNfr

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Debt-Is-Not-Money BurningFuld Thu, 03/29/2018 - 18:59 Permalink

Chinese steel bolts?

In reply to Bolts that will corrode… by BurningFuld

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inhibi Debt-Is-Not-Money Thu, 03/29/2018 - 19:03 Permalink

All steel bolts are Chinese. Hell, even the aviation grade ones are from China. Only very select, custom, military grade ones are sourced internally.

In reply to Chinese steel bolts? by Debt-Is-Not-Money

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Dickweed Wang inhibi Thu, 03/29/2018 - 19:25 Permalink

Only very select, custom, military grade ones are sourced internally.

Ah, those are the ones used to attach the kanueter valve on my Pinto, right?

In reply to All steel bolts are Chinese… by inhibi

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El Hosel Dickweed Wang Thu, 03/29/2018 - 19:52 Permalink

... Ah, those are the ones that cost $47 each with the "Special " Government homeland security bulk discount.

In reply to Only very select, custom,… by Dickweed Wang

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Beans Mr. Universe Thu, 03/29/2018 - 19:13 Permalink

"He will plan evil"?? Bwahahahahaha

The details of my life are quite inconsequential... very well, where do I begin? My father was a relentlessly self-improving boulangerie owner from Belgium with low grade narcolepsy and a penchant for buggery. My mother was a fifteen year old French prostitute named Chloe with webbed feet.

My father would womanize, he would drink. He would make outrageous claims like he invented the question mark. Sometimes he would accuse chestnuts of being lazy. The sort of general malaise that only the genius possess and the insane lament. My childhood was typical. Summers in Rangoon, luge lessons. In the spring we'd make meat helmets. When I was insolent I was placed in a burlap bag and beaten with reeds- pretty standard really.

At the age of twelve I received my first scribe. At the age of fourteen a Zoroastrian named Vilma ritualistically shaved my testicles. There really is nothing like a shorn scrotum... it's breathtaking- I highly suggest you try it.

In reply to On a personal note, he sent… by Mr. Universe

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CRM114 Beans Thu, 03/29/2018 - 19:44 Permalink

..and yet I hear you've never performed fellatio on a camel?

I hardly think you can call yourself normal.

In reply to "He will plan evil"??… by Beans

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Banana Republican Schlomo Shekelstein Thu, 03/29/2018 - 18:52 Permalink

Power steering motor? Usually cars have an hydraulic pump that magnifies the steering. Although with this auto-pilot feature I guess that's different these days.

Oh and didn't I read about some complaints about the auto-pilot being raised by the crispy critter from the recent collision? Hmmm.

In reply to Oy vey by Schlomo Shekelstein

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vaporland Banana Republican Thu, 03/29/2018 - 18:58 Permalink

Teslas have no hydraulics. All electric.

In reply to Power steering motor?… by Banana Republican

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Banana Republican vaporland Thu, 03/29/2018 - 18:59 Permalink

Is it therefore safe to assume that the autopilot's steering is a motor-driven function?

In reply to Teslas have no hydraulics… by vaporland

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Milton Keynes vaporland Thu, 03/29/2018 - 19:45 Permalink

All Electric or EHA? Not a huge difference, but,

In reply to Teslas have no hydraulics… by vaporland

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1981XLS Banana Republican Thu, 03/29/2018 - 18:59 Permalink

90% of all cars now have electric power steering. have you been living under a rock?

In reply to Power steering motor?… by Banana Republican

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Banana Republican 1981XLS Thu, 03/29/2018 - 19:06 Permalink

I mean, that's surprisingly close to the case. What was wrong with hydraulics?

And my question remains, is this auto-pilot gizmo a servo-driven affair, because I don't think that would work very well when THE MOTOR FALLS OFF.

In reply to 90% of all cars now have… by 1981XLS

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1981XLS Banana Republican Thu, 03/29/2018 - 19:19 Permalink

It's about Obama & CAFE

Electric has lower parasitic losses vs hydraulic

In reply to I mean, that's surprisingly… by Banana Republican

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jcaz Banana Republican Thu, 03/29/2018 - 19:23 Permalink

Are you a Russian engineer? East German? Trabant? Fiat?

In reply to I mean, that's surprisingly… by Banana Republican

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hxc yomutti2 Thu, 03/29/2018 - 18:44 Permalink

Lmao! I am roughly 0% russian (nationality MAGA, ethnicity german and scandinavian with a hint of hispanic) and I hope Musk is consumed by a fire in one of his cars.

In reply to The Russian shills can beat… by yomutti2

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CoCosAB yomutti2 Thu, 03/29/2018 - 18:49 Permalink

Who are the dumb fucks financing SpaceX?

In reply to The Russian shills can beat… by yomutti2

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ShrNfr CoCosAB Thu, 03/29/2018 - 18:52 Permalink

Got a mirror?

In reply to Who are the dumb fucks… by CoCosAB

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Uchtdorf ShrNfr Thu, 03/29/2018 - 18:59 Permalink

Hilarious. True, and therefore sad, but hilarious.

In reply to Got a mirror? by ShrNfr

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Uchtdorf yomutti2 Thu, 03/29/2018 - 19:04 Permalink

Exactly which former Soviet Union country did you get tattooed on your forehead, anyway?

In reply to The Russian shills can beat… by yomutti2

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falconflight yomutti2 Thu, 03/29/2018 - 19:36 Permalink

Dude...

In reply to The Russian shills can beat… by yomutti2

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vaporland wisefool Thu, 03/29/2018 - 18:57 Permalink

In SpaceX, no one can hear you scream

In reply to Wait till the taxpayers find… by wisefool

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wisehiney wisefool Thu, 03/29/2018 - 19:18 Permalink

Once upon a time,

An eccentric but charming inventor,

Created a car that could drive, float or fly.

But when the .gov subsidies went away,

Shitty chitty went BANG, BANG!

https://en.wikipedia.org/wiki/Chitty_Chitty_Bang_Bang#/media/File:Chitt…

In reply to Wait till the taxpayers find… by wisefool

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Whodathunkit wisefool Thu, 03/29/2018 - 19:49 Permalink

I AM SURE THOSE BOLTS CAME FROM PRC. (China)

In reply to Wait till the taxpayers find… by wisefool

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Captain Nemo d… Thu, 03/29/2018 - 18:31 Permalink

He can always drive it to mars and set up a colony there. Maybe he will remain rich there longer in a lower gravity environment.

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davatankool Thu, 03/29/2018 - 18:32 Permalink

He just cant a break lately. LMAO

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silverer davatankool Thu, 03/29/2018 - 18:34 Permalink

And nobody hates the car that needs a recall. Really. Well, kind of.

In reply to He just cant a break lately… by davatankool

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Dr.Strangelove davatankool Thu, 03/29/2018 - 18:50 Permalink

Dont' worry. Elon can always sell more flamethrowers and bricks from the Boring Company to subsidize his empire.

In reply to He just cant a break lately… by davatankool

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ted41776 Thu, 03/29/2018 - 18:33 Permalink

math, physics, and economics are haters

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mrtoad Thu, 03/29/2018 - 18:34 Permalink

this criminal deserves more than just this.

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silverer Thu, 03/29/2018 - 18:35 Permalink

"Three bolts holding the power steering motor in place can corrode..."

All that money you pay, and they cheap out on the bolts?

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Wilcox1 silverer Thu, 03/29/2018 - 18:53 Permalink

Na, It's like the road with the bad guardrail that destroyed their other car. They can get any junior grade lawyer to pin the bolt corrosion on the municipality that keeps the road clear using salt. Pony up property owners, alon needs money to go to Mars.

In reply to "Three bolts holding the… by silverer

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Gregor Samsa silverer Thu, 03/29/2018 - 19:15 Permalink

Cheap or bad engineering? I'll go with the latter. Probably a bunch of H1-Bs. Makes you wonder how these clowns are getting into space.

In reply to "Three bolts holding the… by silverer

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Vardaman Thu, 03/29/2018 - 18:36 Permalink

Those extra-good Chinese bolts...

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BurningFuld Vardaman Thu, 03/29/2018 - 18:51 Permalink

Why use steel when cast iron will work? I ask you.

In reply to Those extra-good Chinese… by Vardaman

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Quantify Thu, 03/29/2018 - 18:38 Permalink

Never had a chance with a name like Musk....lol.

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SantaClaws Thu, 03/29/2018 - 18:40 Permalink

Will be tricky replacing the bolts on the car he sent into space. But come to think of it, that was a higher-end model, no? Whew!

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True Blue Thu, 03/29/2018 - 18:42 Permalink

How long 'till Musky boy gets popped with a suitcase full of fentanyl?

At least DeLorean's cars never had a corrosion problem.

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BrokeMiner Thu, 03/29/2018 - 18:43 Permalink

stock worth exactly $0

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hanekhw Thu, 03/29/2018 - 18:45 Permalink

So? How many OTHER corroding bolts are there?

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helloimjohnnycat hanekhw Thu, 03/29/2018 - 19:10 Permalink

most niggers have corroding bolts and their nuts too.

don't let your white women get fuckked by niggers

If they're skanks and they do burn coal, get lost ASAP and get a check up.

In reply to So? How many OTHER corroding… by hanekhw

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Let it Go Thu, 03/29/2018 - 18:51 Permalink

Isn't this about "all the Model S sedans ever produced?"

A gruesome crash, production problems, growing debt, and the fact Tesla is burning through cash is causing investors to question Tesla's high stock valuation. The article below delves into these issues.

http://Tesla Update - Model 3 Production And.Cash Burn Worry html

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