1. CLASSY

    Tesla Announces Recall

    Despite no customer complaints and rave reviews from Consumer Reports, Tesla CEO Elon Musk announced a recall of hundreds of its Model S cars due to a seat problem. Tesla discovered an issue with a weld that could cause a back seat to come loose in an accident. Tesla’s preemptive action is notable, given the auto industry’s tendency to wait until after problems arise, like with Chrysler’s recent Jeep recall after the National Highway Traffic Safety Administration said there was a fire risk if the cars were hit from behind. Tesla says it will contact customers affected by the recall, pick up their cars, give them a loaner if required, and return the car in a couple of hours.

    Read it at CNN Money