Tesla recalling 53000 vehicles worldwide for brake problem

Tesla issued a voluntary recall for approximately 53,000 examples of the Model S hatchback and the Model Xcrossover.

Tesla shares fell 1.3% on the news, but recovered slightly to be down just under 1% at $US302.51 when the market closed.

"We are working with Tesla to ensure the issue is resolved quickly", she said.

Electric auto maker Tesla (TSLA) is voluntarily recalling 53,000 Model S and X vehicles after recently discovering "manufacturing issues" related to its electric parking brakes. If the gear breaks, the parking brake could get stuck in place. Moreover, Tesla said the repairs were relatively simple, and should take roughly 45 minutes.

The latest recall follows a problem with the locking hinge on third-row seats in the Model X SUV, which saw 2,700 cars recalled in the United States previous year.

The electric auto giant said around two per cent of the 53,000 vehicles which were made in February to October 2016 have been affected.

Following its biggest recall, Tesla's shares were down almost 1 percent in afternoon trading Thursday, according to Reuters.

According to Bloomberg, the faulty part was supplied by a unit of Italian manufacturer, Brembo.

Tesla delivered 76,230 S and X models in 2016. The company plans to make 1 million Model 3's per year by 2020. Tesla said there has been no reports of the parking brake system failing but chose to proactively change the parts.

The auto maker produced 83,922 vehicles, including the Model S and Model X, in 2016, a 64 per cent increase from 2015. The company services customer vehicles instead through a network of around 135 service centers and with mobile technicians who fix customer cars at their homes or workplaces.

"Service capacity will not be an issue", a Tesla spokeswoman reportedly said in an email.

Vanessa Coleman

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