Tesla (TSLA) founder Elon Musk is disputing the term Tesla recall — despite federal regulators announcing the company is recalling some 30,000 sedans.
The move isn’t seemingly harming TSLA stock — up 6% pre-market today.
The National Highway Traffic Safety Administration stated that Tesla is recalling 29,222 Model S electric sedans due to overheating issues with its charging equipment.
The vehicles could overheat and pose a risk of burning or fire, regulators said.
Tesla announced the issues on Friday — and has been notifying owners that there is a software update and replacement electrical adapters.
Musk says that for this reason, federal regulators should not use the word “recall.”
The NHTSA announced the recall on the second day of the Detroit auto show—where a Tesla executive said Tesla deliveries surpassed expectations in the fourth quarter—but Tesla founder and CEO Musk still found time to take to Twitter.
Even as he tried to explain what is and isn’t a recall, TSLA stock edged up thanks for better than expected sales.
Vice president of worldwide sales Jerome Guillen said in Detroit that Tesla delivered 6,900 vehicles in the fourth quarter of 2013.
TSLA expected only less than 6,000 — so the news is causing TSLA stock to gain some footing.
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