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January 14, 2014 AT 4:18 PM
The timing of the announcement appeared designed to calm investors after reports surfaced that Tesla had recalled more than 29,000 of its cars, reports the company and CEO Elon Musk quickly labeled false. The company reported last week that it had issued an over-the-air update to its cars to prevent the Universal Mobile Connector NEMA 14-50 adapter from overheating while the car recharges.