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Tesla recalls 123,000 cars over power steering

People look at a Tesla Motors vehicle.
People look at a Tesla Motors vehicle. Photo: Joe Raedle / Getty Images

Tesla is recalling 123,000 early Model S sedans, the Verge reports, over "a power steering issue." In an email to customers, Tesla said no other cars were affected, and if a customer hasn't experienced a problem they "do not need to stop driving their cars."

Why it matters, per Bloomberg: This has been a bad month for Tesla as Moody's downgraded its debt and "analysts and investors have questioned the company’s ability to mass-manufacture its new Model 3 sedan."

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