KXIP vs KKR Live Score

The Model 3, a more mid-market auto compared with Tesla's current offerings, has 400,000 pre-orders which is vastly more than the company can manufacture in a year.

Shares of the USA luxury electric vehicle maker dropped 1.3 percent to $301.50 in afternoon trading.

The Model S and X crossovers containing the faulty brakes were built between February and October 2016, with 31,000 of the 53,000 total being sold in the US. The company told owners it believes less than 5 percent of the recalled vehicles could actually have a parking brake failure.

The company has said the owners of the vehicles will be contacted by email and the parts to fix all the cars should be available by October. If that gear were to break, the parking brake could become stuck in place, the company said. But now, it looks as if the carmaker has to deal with some production problems internally for Model S and X.

"Because of the design of the gear, it is hard to tell exactly which vehicles are affected."The report also includes a short statement from Brembo North America confirmed the faulty part was suppled by a unit in Italy".

Preorder your Samsung Galaxy S8 & Galaxy S8+ Between April 1 and 15
The Galaxy S8 and its big brother were revealed last week, and customers in selected markets can already pre-order the flagships. The 2016 year will probably be one of the most memorable years for Samsung and we're not saying this in a good way.

Tesla lacks a traditional network of franchised dealerships that handle both sales and service, including recall repairs.

Tesla further noted it received no reports suggesting the parking brake issue has caused any accidents or injuries. A spokeswoman from the supplier told AFR in an email that it is now working with Tesla to resolve the issue.

To see full details on the current recall, Tesla owners can visit the company's Recall Information page.

The Tesla recall is global and includes 53,000 vehicles. Tesla, in the past, has also recalled 2,700 Model X units due to the problems in third-row seats. Tesla's plan to install 14 Superchargers across Korea in a year is considered somewhat aggressive compared to its move in Japan where it has taken about two years to build 14 fast-charging stations since the company installed the country's first Supercharger in 2014.