US Auto Safety Regulator Closes 3-Year-Long Probe Into Tesla Vehicles Over Concerns Of Front Suspension Failure
Portfolio Pulse from Anan Ashraf
The National Highway Traffic Safety Administration (NHTSA) has closed a 3-year investigation into nearly 75,000 Tesla vehicles over concerns of front suspension failure. The investigation, which began in November 2020, found no instances of part failure resulting in loss of vehicle control. However, NHTSA recommended that Tesla expand its 2017 consumer satisfaction bulletin to cover all affected vehicles.
August 14, 2024 | 10:59 am
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NHTSA has closed its investigation into nearly 75,000 Tesla vehicles over front suspension concerns, finding no instances of part failure resulting in loss of vehicle control. However, Tesla is advised to expand its 2017 repair bulletin to cover all affected vehicles.
The closure of the investigation without finding any critical safety issues is positive for Tesla, potentially alleviating investor concerns. However, the recommendation to expand the repair bulletin may incur additional costs.
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