Tesla (TSLA) has issued a voluntary recall of its Model S hatchback and Model X crossover due to issues with the electric parking brakes joining the ranks Nissan, Hyundai and Ford (F) , which have all had some issues of recent.
The Tesla parking brakes have a gear that could break, which would restrict the parking brake from releasing. The issue has no relation to the vehicles' regular brakes, and Tesla has received no reports of the parking brake system failing to hold a car in place.
Tesla shares closed down about a percent, or $3.01 apiece, to $301.51 per share. The company is still up about 40% year-to-date.
The recall is for approximately 53,000 vehicles , about 31,000 of which are located in the U.S. and carry build dates between February and October 2016. The company estimates that between 2% and 5% of the vehicles recalled contain the faulty gear.
Is it as bad a the exploding pinto, no, but where does the incident rank among the worst automotive industry blunders and recalls in history? TheStreet takes a look: