Stifel: Tesla Has ‘Recalled’ More Units Than Ford So Far This Year
Investment firm Stifel Nicholaus is stringing some data together that, if Tesla (NASDAQ:TSLA) CEO Elon Musk were to see, probably wouldn’t make him very happy considering the recent stand he took against the word “recall.”
Stifel has been keeping track of the number of recalls and recalled units put out by the National Highway Traffic Safety Administration (or, NHTSA), and has released an update that implies that year to date (in the last four weeks, essentially), Tesla has initiated more ‘recalls’ than Ford (NYSE:F) has. Of course, this depends on what one considers to be the true definition of recall.
Elon Musk famously tweeted that “the word ‘recall’ needs to be recalled” during an exchange between the NHTSA and Tesla over concerns regarding the company’s charging adapters. A garage fire in November sparked concerns that the adapter might have been responsible for drawing too much power and causing the blaze, though the final results were deemed inconclusive by the regional fire department.
Regardless, Tesla took a largely preventative approach and issued a software update to its vehicles, as well as made some improvements to the chargers to include a thermal fuse to lower or kill the current if the temperature exceeds a certain threshold.