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Tesla: Huge recall and billion dollar capital increase | Industry News automobile

Electric car maker Tesla is recalling around 3,200 Model X cars in China due to possible problems with power steering. This is associated with the risk of possible accidents. According to the responsible supervisory authority, vehicles from 2016 are affected.

In North America, too, Tesla was condemned to a huge recall: In the United States and Canada, Tesla has to call back 15,000 Model X cars because of possible problems with servo steering. This is associated with the risk of possible accidents. According to the Canadian supervisory authority NHTSA, models from 2016 are affected.

The US electric car maker Tesla wants to take advantage of the good development of its share price and raise fresh money with a capital increase. Gross, including the over-allotment option, the company could earn up to around $ 2.3 billion with the share sale, as Tesla announced before the US stock market launch.

Tesla boss Elon Musk wants to use the money to strengthen the group’s balance sheet and use it for general corporate purposes. Musk himself plans to contribute up to $ 10 million to the capital increase. Pre-IPO, the Tesla share in New York slipped 4.5 percent.

In recent weeks, the share price had risen sharply due to the euphoria about good business figures and climbed to almost $ 969. At the end of 2019, it had been trading at just over $ 418. Most recently, it had come back a bit from its high, but was still over $ 767 at the close on Wednesday. The company was worth around $ 138 billion on the stock exchange. For comparison: Volkswagen is currently worth around EUR 86 billion on the market. (Reuters / AFX / apa / red)

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