Tesla issues a recall for 2,700 Model X vehicles after a seat hinge slips during testing. All cars are expected to be repaired within 5 weeks.
Tesla has received so many orders for its new Model 3 that many would-be buyers will be waiting two years or more to get their cars.
Tesla is tapping its current owners to act as a sales force by offering them cash and other incentives, including a free Model X, when they refer friends who buy a car.
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Tesla has recently become the toast of Wall Street.
This week Tesla Motors, which produces the all-electric Tesla Roadster and has plans to produce a full line of all-electric cars, raised a cool $226 million through an IPO. There were doubts in the media about whether the IPO, which was the first for a U.S. automaker in 54 years, would actually raise much money,