Tesla Is Recalling 123,000 Model S Vehicles Amid Power Steering Issues

The announcement came on Thursday.

Bad news for Tesla. The auto maker is recalling 123,000 of its Model S vehicles due to a faulty steering component, according to a report by CNBC

This recall caps off Tesla's worst month in the past seven years financially, according to Market Watch. More specifically, the recall is related to a bolt in the power steering component that has the potential to corrode. It applies to vehicles that were made prior to April 2016 and in wintry conditions where roads are frequently salted. In total, only .02 percent of Tesla's U.S. vehicles were actually impacted by the potentially faulty bolt. Customers received an e-mail that read, "In order to ensure your safety, Tesla will proactively retrofit a power steering component in all Model S vehicles built before April 2016. There have been no injuries or accidents due to this component, despite accumulating more than a billion miles of driving."

The e-mail sent out by Tesla went on to explain the potential issue this corroded bolt could present by saying, "This primarily makes the car harder to drive at low speeds and for parallel parking, but does not materially affect control at high speed, where only small steering wheel force is needed."

Tesla CEO Elon Musk also recently made some noise by joining the #DeleteFacebook movement in the wake of the privacy scandal involving the popular social media platform. Musk has since deleted the accounts for Tesla, as well as his other business venture SpaceX. Despite this hiccup involving Tesla, the current king of technology has managed to cause a stir with consumers using other platforms as well. Earlier this year, the man even sold flamethrowers thru his Boring Company website. They sold out and went on to fetch insane resell prices.

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