Major American automaker, Tesla Inc, recalled at least 53,000 cars of its Model S and Model X globally to fix a parking brake issue.
Shares of the U.S. luxury electric car maker were down nearly 1% at $302.77 in afternoon trading, following its biggest ever recall.
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Tesla’s total production for 2016 was 83,922 vehicles and included both Model S and Model X.
“The electric parking brakes installed on Model S and Model X vehicles built between February and October 2016 may contain a small gear that could have been manufactured improperly by our third-party supplier,” Tesla said in a statement on its website.
The car maker said there had been no accidents or injuries due to the issue.
Tesla said less than 5 percent of the vehicles being recalled may be affected and it would take less than 45 minutes to replace the brakes.
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The company also said it would send an official recall notice to its customers.
Tesla, led by entrepreneur Elon Musk, had said last year it would recall 2,700 Model X sport utility vehicles in the United States due to a faulty locking hinge in third-row seats.
The company said on Thursday it was working with Italian supplier Freni Brembo SpA to get the replacement parts.
Brembo did not immediately respond to a request for comment.