The feds are looking into reports of Tesla Model S suspension issues (TSLA)
William Wei, Business Insider
The National Highway Traffic Safety Administration is reviewing reports of suspension problems on Tesla Model S electric sedans.
According to NHTSA spokesperson Bryan Thomas, the agency is looking into the issue and seeking additional information from Tesla and Model S owners.
The agency is also looking into potentially troublesome language in Tesla's nondisclosure agreement.
According to Reuters, the review is a preliminary step before the agency decides whether or not to launch a formal investigation.
Tesla was not immediately available for comment.
Here's the complete statement from the NHTSA:
NHTSA is examining the potential suspension issue on the Tesla Model S, and is seeking additional information from vehicle owners and the company. NHTSA learned of Tesla’s troublesome nondisclosure agreement last month. The agency immediately informed Tesla that any language implying that consumers should not contact the agency regarding safety concerns is unacceptable, and NHTSA expects Tesla to eliminate any such language. Tesla representatives told NHTSA that it was not their intention to dissuade consumers from contacting the agency. NHTSA always encourages vehicle owners concerned about potential safety defects to contact the agency by filing a vehicle safety complaint at SaferCar.gov.
In reaction to the news, shares of Tesla stock fell more than 2.5% in afternoon trading.
William Wei, Business Insider
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