Boston, MA 06/20/2013 (wallstreetpr) – The share prices of Tesla Motors Inc. (NASDAQ:TSLA) had surged by 1.25 percent to close at $104.68 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $102.01 to $106.67 per share during the day. The shares of Tesla Motors Inc. (NASDAQ:TSLA) had recorded 52 week low price level at $25.52 per share and 52 week high price level at $114.90 per share.
Tesla Motors Inc. (NASDAQ:TSLA), the manufacture of electric vehicles and related components had made its first ever recall of its Model S vehicles made by the company between May 10 2013 and June 08, 2013. The recall was made by the company due to potentially weak mounting bracket in the left hand latch of the back row. The recall was purely voluntary made on the sole interest of Tesla Motors Inc. (NASDAQ:TSLA) without any complaints, injuries or litigation.
Tesla Motors Inc. (NASDAQ:TSLA) had thereby offered to take up the recalled cars and return them within few hours with the new seat bracket in place. The company had also offered to provide a loaner Model S if needed. The way Tesla Motors Inc. (NASDAQ:TSLA) is handling the recall with smooth and efficient steps is being applauded by the analysts and customers, as recalls are often a piece of struggle even for bigger car manufacturers. The recall would apply to around 1,228 Model S vehicles which were made by the company during that period.
Tesla Motors Inc. (NASDAQ:TSLA) had witnessed the trade of 8.59 million shares on Wednesday, while the average trading volume for the company is at 14.41 million shares per day. The company presently holds 115.55 million shares outstanding in the market with an institutional ownership of 70 percent of its holdings.
