- Petition for the investigation Tesla involves 500,000 cars and SUVs.
- Tesla vehicles from 2012 through to 2019 are part of the petition.
- Model S, Model X and Model 3 are all targeted.
If you’re thinking about investing in Tesla stock, this bit of news will probably drop prices enough for you to buy a few shares… The deal is that the National Highway Traffic Safety Administration (NHTSA) has been petitioned to formally investigate a half-million Tesla vehicles over sudden unintended acceleration issues.
The reason why this could go bad is that all models currently sold by Tesla are affected. Specifically, the 2012-2019 Tesla Model S, 2016-2019 Tesla Model X, and 2018-2019 Tesla Model 3 are all part of the petition for an investigation. The story, published by Reuters, says that the petition cites “127 consumer complaints to NHTSA involving 123 unique vehicles. The reports include 110 crashes and 52 injuries.”
On top of this potential investigation, the NHTSA received another petition back in May of 2019 in relation to battery fires from 2012-2019 Model S and Model X. Instead of a recall, Tesla issued a software upgrade. The agency is reviewing this case as well as an accident that left the driver of a Model 3 following an accident on December 29th. This incident could be linked to Tesla’s Autopilot system.