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Tesla fires back at 'sudden acceleration' accusations

FoxBusiness.com

Tesla is firing back against allegations of “unintended acceleration” in its vehicles.

In a company blog post published Monday, which was also shared on Twitter, titled, "There is no 'unintended acceleration' in Tesla vehicles" the company alleges a short-seller is behind the report the company says is false.

Earlier this month, the National Highway Traffic Safety Administration (NHTSA) opened its review of a petition seeking an investigation into 500,000 Tesla vehicles with unintended acceleration issues.

TESLA COULD FACE NHTSA PROBE OVER 'SUDDEN UNINTENDED ACCELERATION'

"NHTSA has received a defect petition regarding claims of sudden unintended acceleration in certain Tesla Model S, Model X, and Model 3 vehicles," the NHTSA told FOX Business in a statement. "As is the agency’s standard practice in such matters, NHTSA will carefully review the petition and relevant data."

TESLA’S ELON MUSK JABS HEDGE FUND SHORT-SELLER IN LATEST FEUD

Short-sellers, investors who bet a company's stock will fall, have long taunted Tesla CEO Elon Musk. Over the past few months, the shorts have been burned as Tesla shares have rebounded, roughly doubling, after the company turned a surprise profit in the third quarter and separately exceed select sales targets.

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The stock crossed the $500 level for the first time ever.

The company also concludes it is "transparent with NHTSA, and routinely review customer complaints of unintended acceleration with them. Over the past several years, we discussed with NHTSA the majority of the complaints alleged in the petition. In every case we reviewed with them, the data proved the vehicle functioned properly."

FOX Business' Audrey Conklin and Jonathan Garber contributed to this report. 

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