Tesla recalls 123,000 cars. Bolt corrosion may cause steering wheel failure.

Tesla recalls 123,000 cars. Bolt corrosion may cause steering wheel failure. China News Service, March 30. According to the US "World Journal" report, American electric cars...

China News Service, March 30 According to the US "World Journal" report, the US electric car manufacturer Tesla voluntarily recalled about 123,000 Model S sedans worldwide because it was found that certain bolts corroded in cold climates and may cause the power steering wheel to malfunction.

Tesla stated on the 29th that the scope of the recall is Model S sedans produced before April 2016. This is believed to be the largest recall in Tesla history. Tesla said that less than 0.02% of potentially affected vehicles in the United States have this problem.

By the end of last year, Tesla had sold a total of 280,000 electric vehicles. An email sent by Tesla to customers stated: "Our electric vehicles have driven more than 1 billion miles in total, and there have been no casualties or accidents caused by this part."

Tesla CEO Musk is facing the challenge of falling behind the schedule of Model 3 mass production and also needs to raise cash. Tesla originally planned to increase Model 3 production to 2,500 units per week in the first quarter, otherwise it would impact cash flow and the progress of mass production of affordable electric vehicles.

However, the credit rating agency Moody's believes that Tesla may not be able to achieve this goal and lowered Tesla's credit rating from the original junk level B2 to B3.

Tesla last week encouraged factory employees to increase production capacity, proving the "haters" wrong. Chief engineer Doug Field told employees that Tesla bears and critics are constantly questioning the company's ability to realize CEO Musk's vision of mass-producing affordable electric vehicles. If it can produce more than 300 Model 3 vehicles per day, it will be an "incredible victory."