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1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

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New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

Tesla Motors recall is huge and tiny

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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October 4, 2010, 4:55 PM ET
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Tesla Motors (TSLA) on Friday voluntarily recalled its Roadster 2.0 and 2.5 models, after an incident in which an auxiliary cable chafed against a carbon fiber panel, causing a short, smoke and possible fire behind the vehicle’s right-front headlamp.

The recall affects around 36% all the cars Tesla has ever sold, based on disclosed data through June 30. Sounds huge, until you remember that Tesla is a lot more about hype (and “the future”) than it is about automotive production. That 36% only works out to 439 actual vehicles.

Per usual, bad news isn’t having much of an impact on Tesla stock. In fact, it’s up around 15 cents on a day in which the broader markets are taking a beating …  Maybe shareholders don’t care about the recall, because they realize how small it really is.

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