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Tesla recalls 123,000 Model S cars over possible power-steering failure

Tesla Inc. TSLA, +three.24% stock used to be down more than three% in after-hours buying and selling Thursday following reviews that the auto maker is voluntarily recalling 123,000 Model S cars due to a potential failure with the power-steering generation. The corporate bought 280,000 cars in 2017, however the recall is focused on cars made earlier than April 2016. According to The Wall Street Journal, the recall comes to bolts that may corrode in cold climate. Tesla advised the Journal that the issue impacts less than zero.02% of possible Model S cars. Tesla stock is down 15% this year, because the S&P 500 index SPX, +1.38% has fallen 2.6%, and simply completed its worst month in seven years.