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Tesla Motors Inc (NASDAQ:TSLA) Model S owners Still waiting for replacement parts

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By on Economy

Tesla Motors Inc (NASDAQ:TSLA) owners are still waiting for their replacement parts, fully two months after the official recall related to charging fires.
On January 13th Tesla issued an official recall of Model S’ charging system and charging cable components via NHTSA’s Chief of the Recall Division, Jennifer Timian. In that recall notice by TSLA,
14V006000 relates to the electronics of Model S charging system and also to the adapter that one of the cables that stands for Universal Mobile Connector.

The automaker company has to resolve the electronic part, by an over-the-air software update. And this updated is now completed on most of the Model S cars. But still after full two months of the recall notice, the owners of TSLA cars are just starting to receive letters from company, in which they promise new adapters for the UMCs.

Many TSLA model S owners are lucky as they have no trouble with their charging systems, but many others said that have had their adapters melt. Some of them have had the wiring in the home suffer thermal damage.

Tesla’s letters are coming now, in which it promised new, gray adapters, which Tesla promises will arrive within 2 weeks. But it seems like the fix has been two weeks away now for quite a while. Owners are currently also not clear on how many UMC adapters they will get.

On last trading day Tesla Motors Inc (NASDAQ:TSLA) ended up -0.39% lower to close at $234.91 while trading in the range of $233.36 – $239.25. Its return on assets (ROA) is -3.90% while return on investment (ROI) is -6.90%. Tesla Motors Inc (NASDAQ:TSLA) monthly performance is 21.31%. TSLA belongs to Consumers Goods sector with market capitalization of 28.94B and has 0.20% insider ownership. It is -11.35% away from its 52 week high. This Year Company’s Earnings per Share (EPS) growth is 83.20% and next year’s estimated EPS growth is 106.26%. Analysts mean target price for Tesla Motors Inc (NASDAQ:TSLA) is $226.27.

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