Peter Goodricke, a New Zealand electrical engineer, bought two damaged Tesla Model 3s at auction in August and September 2024 after insurers had written them off. He repaired both, and they passed re-registration inspection, but Tesla then pushed an over-the-air update that disabled fast charging because the cars had been structurally damaged. Tesla offered to inspect each car for NZ$1,624 (about $923), but Goodricke sued under the country's fair trading act. The claim was dismissed, and his High Court appeal failed, leaving him to pay about NZ$27,000 (approximately $15,000) in court costs. Tesla's Unsupported Vehicle Policy states that cleanly titled vehicles may still be unsupported, citing safety concerns.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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