Tesla Recalls 53,000 Model S and Model X Cars

There is news hitting the wires that Tesla, stock symbol $TSLA, will recall over fifty thousand autos for brake issues. The story is developing, and TSLA shares are taking a hit here, yet still holding $300.

$TSLA recalls 53k vehicles made in 2016. Total production was 83,922 vehicles. So that's 63% of all cars made last year.

— Melissa Lee (@MelissaLeeCNBC) April 20, 2017

I’ve been looking for a meaningful dip to buy back into TSLA. Maybe this is the start of that dip. I doubt $300 holds.

Devloping…