Tesla shares fell 1% to settle at $302.51 in NY following the recall disclosure.
A broken gear means a broken parking brake that will get stuck after it's engaged, not exactly causing a safety hazard, but something that will make it very hard to get the vehicle rolling. Tesla estimates that only 5% of the cars it is recalling will be affected and that replacement could take place in less than an hour.
Tesla said the issue has not caused any injury and owners are safe to continue using their vehicles.
Tesla said there have not been reports of the parking brake system failing to hold a parked vehicle or failing to stop a vehicle in an emergency, adding that the issue does not affect the vehicles' regular braking systems. The fix process will take an estimated 45 minutes. The company manufactured 83,922 of the S and X models in 2016, but the cars in question were manufactured between February 2016 and October 2016.
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Tesla blamed a supplier for improperly manufactured gears.
In a statement, a representative from the company supporting the strike, IG Metall, said "We received an unsatisfactory response from the company". We have also determined that only a very small percentage of gears in vehicles built during this period were manufactured improperly.
Last year, the company recalled 2,700 Model X vehicles after it learnt that the cars' third row seats could unlatch and fold over to the second row.
The company will be sending an official recall notice to customers, with information on how the parking brakes could be replaced.
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The Model 3, a more mid-market auto compared with Tesla's current offerings, has 400,000 pre-orders which is vastly more than the company can manufacture in a year.
The only potentially significant concern, one would imagine, is servicing so many vehicles.
The recall applies to vehicles built in 2016, between February and October.
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