Tesla 213 million loss now to be taken in q1 Tesla has officially finally agreed to recall 134,951 Model S and Model X vehicles due to touchscreen display failures. The displays can fail, resulting in a number of potential problems for Tesla owners, according to Reuters.
The move begrudgingly comes after U.S. auto safety regulators sought the recall a month ago, as we noted on Zero Hedge last month.
Analyst Gordon Johnson of GLJ Research said on Tuesday morning that the total charge for Tesla could be around $213 million in Q1 2021. He also thinks there is a major story in the many customers who had to pay $1,500 out of pocket to have their screens repaired prior to the recall.