The cost of the recall is being covered by the parts supplier.
[Edit - Mike beat me to it...]
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The cost of the recall is being covered by the parts supplier.
[Edit - Mike beat me to it...]
And according to Electrek Brembo is covering the cost.
Tesla issues voluntary recall for 53,000 cars due to a faulty gear in the parking brakes from 3rd-party supplier
Seems like a total non-event, except to show once again that Tesla looks out for owners' safety.
Edit: Third place
I was taught that wisdom was about admitting when you don't know something. That way you can learn. See, *next* time this topic comes up, I'm going to give your hypothesis as to why it works this way...
(Remember the snarky story about how Socrates concluded that he was the wisest man? I'm sure you heard it in school. The Greeks - Socrates )
Reciprocity
Active Member
How much of this do you think the third party supplier is on the hook for? $200 seems a bit high for a 45 minute fix and its not a safety issue so it could be done anytime they bring the car in for service, which further lowers the total cost because there is some overhead to each time a person gets service that would be shared.
Edit: Duh, I should have read the thread first, as noted the supplier is paying for the repairs.
Tesla issues voluntary recall for 53,000 cars due to a faulty gear in the parking brakes from 3rd-party supplier
End of article:
"As for the business aspect, Tesla doesn’t expect the recall to be material to its finances since the supplier of the problematic gear is covering the cost."
I look forward to a day when algobots go bankrupt and then consigned to a junkpile
That is how recalls are normally handled, the part supplier is on the hook if they screw up. (Like with the Takata air bag recall.)
If the recall was because Tesla screwed up a part that they make themselevs, like the inverter, than they would have to pay for the repairs.
Mike Smith
Active Member
Thestreet.com has sunk to a FUD level previously unseen even at Seeking Alpha. Nobody even wanted to even sign their name to this one - instead it's credited to 'Thestreet Staff'. This is shocking stuff. Apparently they release the same article every time there is an auto recall and just update the company name in the headline.
Nissan Altima's Recall and 11 of the Worst Auto Blunders of All Time
Nissan Altima's Recall and 11 of the Worst Auto Blunders of All Time
Biased idiots. There are dozens of recalls a year. That list should be in the thousands by now probably.
Mike Smith
Active Member
Yes, but apparently this is 'one of the worst auto blunders of all time'.
watching various media coverage on this recall - cnbc and street.com for example - i am starting to feel i understand why there are so many complaints about fake news. the cnbc spot the anchor kept trying to drag the guest expert to saying it was a big deal - even though he kept repeating it was a nonevent.
i'm also surprised the stock hasn't recovered the 5 or so points it lost. makes me wonder if she's getting a little tired after such a long sprint.
i'm also surprised the stock hasn't recovered the 5 or so points it lost. makes me wonder if she's getting a little tired after such a long sprint.
Mike Smith
Active Member
This why tsla tends to drift higher whenever there is no news. It's because whenever there is news the media portrays it as negatively as possible putting pressure on the stock, and in the absence of news it corrects itself to where it should be. Analysts then say 'we see no fundamental reason for this run-up and we don't understand it - price target 155'. It's not that hard to understand.
This is entirely speculation, but let's say Elon wanted to stick it to bears before a big announcement, something like the solar roof launch or a big TE deal, he might release a voluntary non event recall during trading hours, knowing the shorts and manipulators will hyperventilate and then...
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Right, so a brake that won't Unbrake is a massive, catastrophic event (as opposed to a brake which doesn't brake, which do you prefer?). And of course, there are no real world examples of such event occurring. Tesla just getting ahead of the potential problem get's lumped into the "worst auto blunders of all time." Sorry this is more of an example of worst "journalism" of all time, if it can be called journalism.
@Turing: Doubt it but it is an interesting theory
. I am with 'luv' on this: I think we are stuck in the 300-307 range till ER. I am not complaining because 2-3 weeks ago I did not think we would see $300 till the '3' *on time* launch.
Mike Smith
Active Member
Elon - we want to buy more shares. Maybe there's some little nut or gear that could possibly be a problem?
-Tencent
These are old numbers but Tesla has at least 1000 cars per service center (Tesla’s global fleet has 1068 cars per service center and offers room for efficiency improvements)
if they do 10 cars a day they need 4 months to cover all cars. If the cost is covered then this is the perfect chance to hire and extend the service centers for M3!
if they do 10 cars a day they need 4 months to cover all cars. If the cost is covered then this is the perfect chance to hire and extend the service centers for M3!
@Turing: Doubt it but it is an interesting theory
Could be. Timing just seemed a little odd. Why not wait until the weekend or after market close so that the algo bots don't freak out as much and there is some more time to digest?
Funny story...
I took my grandma's 2007 Toyota Yaris to the service center today due to the Takata airbag recalls - appointment was scheduled 3 weeks ago, little did I know we'll have a Tesla recall today.
After I first called them 3 weeks back to agree on the date, the guy called me back later that day, saying that based on the VIN number, the car is involved in another recall (cross beam) so the repair will take 3 hours.
So I took the car to them this morning, picked it up after work, and was surprised to see 3 items on the (zero amount due) bill. Oh yeah.. turns out the car is involved in a 3rd recall as well (something about greasing the front electric window microswitch ?).
Now, mind you, this wasn't even the first time for this car - as we had to take it back once already due to the stuck accelerator pedal recall, not to mention both rear shock absorbers needed to be replaced a few weeks after the original delivery due to a manufacturing issue (both were completely broken and knocking against the housing...)
So that's 4 recalls and 1 serious manufacturing defect for you on one of the most popular models of the world's No1. car manufacturer.
I took my grandma's 2007 Toyota Yaris to the service center today due to the Takata airbag recalls - appointment was scheduled 3 weeks ago, little did I know we'll have a Tesla recall today.
After I first called them 3 weeks back to agree on the date, the guy called me back later that day, saying that based on the VIN number, the car is involved in another recall (cross beam) so the repair will take 3 hours.
So I took the car to them this morning, picked it up after work, and was surprised to see 3 items on the (zero amount due) bill. Oh yeah.. turns out the car is involved in a 3rd recall as well (something about greasing the front electric window microswitch ?).
Now, mind you, this wasn't even the first time for this car - as we had to take it back once already due to the stuck accelerator pedal recall, not to mention both rear shock absorbers needed to be replaced a few weeks after the original delivery due to a manufacturing issue (both were completely broken and knocking against the housing...)
So that's 4 recalls and 1 serious manufacturing defect for you on one of the most popular models of the world's No1. car manufacturer.
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