A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.
Adam Glanzman | Bloomberg | Getty Images
In a major reversal, Peloton announced Wednesday voluntary recalls of both its Tread+ and Tread treadmill machines over safety concerns.
Its shares tanked more than 8% on the news.
The company is advising customers who already have the products to immediately stop using it and contact Peloton for a full refund, or other qualified remedy.
The U.S. Consumer Product Safety Commission had previously warned about Peloton’s Tread+ product last month.
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