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Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Published 01/20/2020, 06:20 PM
Updated 01/20/2020, 06:20 PM
Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

(Reuters) - Tesla (NASDAQ:TSLA) Inc said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect.

On Friday, the National Highway Traffic Safety Administration (NHTSA) said it would review the petition and released a redacted version that said "Tesla vehicles experience unintended acceleration at rates far exceeding other cars on the roads."

The petition urged the agency to recall all Tesla vehicles, the Model S, Model X and Model 3, produced beginning in 2013. It cited media reports of crashes attributed to unintended acceleration and complaints filed with NHTSA.

Tesla said the petition was "completely false" and was brought forward by a short-seller.

Brian Sparks, who is currently shorting Tesla stock, according to CNBC, submitted the petition https://static.nhtsa.gov/odi/inv/2020/INBC-DP20001-3494.pdf in September.

"Over the past several years, we discussed with NHTSA the majority of the complaints alleged in the petition. In every case we reviewed with them, the data proved the vehicle functioned properly," Tesla said in a blog post https://www.tesla.com/blog/no-unintended-acceleration-tesla-vehicles.

A spokesman for NHTSA on Monday declined to comment on Tesla's statement. The agency said last week it "will carefully review the petition and relevant data."

Sparks could not be immediately reached for comment.

Latest comments

big drop tomorrowstock going to 350
Tesla haters are losing their battle, again. Wake up shorties!
This is an offer inflated price tag but impressive when compared to the upcoming competition price tags. The SpaceRace.
Somebody needs to investigate why a whimpy company that can only sell 500,000 cars in six years has stock worth hundreds of dollars.
speculation. will end like Bitcoin
Speculations
should investigation where the petition started. if under unfound condition fr short sellers, need to hang some heads
Awesome
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