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Tesla Motors Inc (TSLA) Customer NDAs Raise Serious Concerns With U.S. Regulators

Tesla Motors Inc (TSLA) Factory Freemont, California

Tesla Motors Inc may have requested customers to sign non-disclosure agreements (NDAs) regarding issues and faults with the suspension on their Model S electric vehicle. The US National Highway Safety Administration (NHTSA) is investigating if the car maker did request confidentiality, and why they did so. An article published on the Guardian read “The US National Highway Safety Administration (NHTSA) said customers may have been asked to sign non-disclosure agreements following reports of a possible defect causing suspension control arms to break and the driver to lose control of the car.”

Tesla Motors Inc (TSLA) Factory Freemont, CaliforniaThe US National Highway Safety Administration (NHTSA) described the signing of an NDA over an issue with the suspension on the Model S as “troublesome.” From 2012 – 2015, the company recalled almost 60,000 Model S electric cars (in the United States) over concerns of a fault with their seat-belts.

The NDA in question is believed to contain language that instructs the owner not to contact safety or law enforcement agencies regarding the problem or the repairs. The NHTSA made the following statement to Automotive News on Thursday:

“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,” said NHTSA spokesman Bryan Thomas”.

Tesla Releases Cheaper Model S Variants

The Tesla Model S, introduced in June 2012, has been on sale for more almost 4 years now. It boasts an impress 0-60 MPH time of just 2.8 seconds, and has an autopilot feature (like other Tesla cars). The American electric car developer and manufacturer recently released two cheaper variants of the Model S (the Model S 60, which has a starting price of $66,000 and the Model S 60D which starts at $71,000.) Both the S 60 and the S 60D will feature Tesla’s autopilot system. The recently launched Tesla Model 3 costs nearly half the price of these new Model S versions, with a starting price of just $35,000.

The Model S 60D has four-wheel drive (4WD) and a range of around 218 miles, with a 0-60 MPH time of 5.2 seconds. The Model S 60 has rear-wheel drive, and a 0-60 MPH time of 5.5 seconds, with a maximum range of 210 miles.

BMW Secure LAPD EV Contract – Tesla Misses Out

In other Tesla related news, the Los Angeles Police Department (LAPD) decided to lease 100 of Bayerische Motoren Werke AG’s i3 electric cars to be used for “community outreach and other police business.” Although the EV car maker failed to secure the contract, there has been some good news for them recently, with the Norwegian Parliament agreeing to ban or limit the sale of fuel cars by 2025, potentially causing demand for Tesla’s vehicles to surge (in Norway.) In response to the potential ban on fuel cars by 2025 in Norway, CEO of Tesla Motors Inc Elon Musk, tweeted “Just heard that Norway will ban new sales of fuel cars in 2025. What an amazingly awesome country. You guys rock!!”

As trading closed on the 9th of June, a share in Tesla Motors Inc was down 2.62%, trading at $229.34, giving the firm a market capitalization of $33.91 billion.

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