Bengaluru — Tesla CEO Elon Musk has sought to play down a report identifying "big flaws" in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Responding to a review by influential US magazine Consumer Reports, which stopped short of recommending the car, Musk said in a round of tweets late on Monday that the magazine’s tests — which used two separately sourced vehicles — had been of older versions of the car that had already been improved. The issue, which ate into gains for Tesla shares on Monday, come at a time when Tesla is dealing with reports of crashes involving its vehicles, and growing scepticism over its finances. Tesla stock, down about $100 since last September, gained about 1% on Tuesday, having finished almost 3% higher on Monday, helped by an easing of trade tensions with Chinam which may aid its plans to produce there. "With further refinement, we can improve braking distance beyond i...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.