Advertisement
UK markets close in 6 hours 1 minute
  • FTSE 100

    8,048.49
    +24.62 (+0.31%)
     
  • FTSE 250

    19,678.40
    +79.01 (+0.40%)
     
  • AIM

    751.78
    +2.60 (+0.35%)
     
  • GBP/EUR

    1.1592
    +0.0003 (+0.02%)
     
  • GBP/USD

    1.2362
    +0.0011 (+0.09%)
     
  • Bitcoin GBP

    53,555.85
    +182.33 (+0.34%)
     
  • CMC Crypto 200

    1,396.13
    -18.63 (-1.32%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    82.18
    +0.28 (+0.34%)
     
  • GOLD FUTURES

    2,307.00
    -39.40 (-1.68%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    17,974.62
    +113.82 (+0.64%)
     
  • CAC 40

    8,067.94
    +27.58 (+0.34%)
     

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

(Reuters) - Tesla 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.

ADVERTISEMENT

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.

(Reporting by Uday Sampath in Bengaluru; editing by Tom Brown and Bill Berkrot)