Tesla Orders Recall in China Over Autopilot Feature
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Tesla Orders Recall in China Over Autopilot Feature
Tesla Orders , Recall in China , Over Autopilot Feature.
CNN reports that Tesla has recalled 1.6 million
vehicles in China to address problems with
the company's Autopilot driver-assistance system.
According to a Chinese regulator, the recall
is meant to reduce the risk of collision.
China's State Administration for Market
Regulation said that the issues can be resolved
with over-the-air software updates.
The Autopilot issues impact
1.61 million cars, including imported
Model S, Model X and Model 3 sedans.
The recall also covers Chinese-made
Model 3 sedans and Model Y SUVs.
.
Vehicles covered by the recall were
reportedly manufactured between
August 26, 2014, and December 20, 2023.
According to the Chinese regulator,
drivers could "misuse" the vehicle's Autopilot
functions, increasing the risk of accidents.
CNN reports that Tesla also recalled nearly 2 million cars
in the United States after regulators came to a similar
conclusion regarding the Autopilot feature.
Another Tesla recall in China, which covers an additional
7,538 Model S sedans and Model X SUVs, centers
around doors potentially unlatching during a crash.
Another Tesla recall in China, which covers an additional
7,538 Model S sedans and Model X SUVs, centers
around doors potentially unlatching during a crash.
According to the regulator, the vehicles impacted
by the door latch recall were manufactured
between October 26, 2022, and November 16, 2023
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Some Early Tesla Bulls , Are Ditching the Stock.
Reuters reports that Tesla's shares
are down about 30% this year.
Since 2021, shares have fallen
over 50%, causing the company to
lose $600 billion in market value. .
Q1 results fell short of analysts' expectations.
As a result, many of Tesla's
institutional shareholders are saying
goodbye to the stock, Reuters reports. .
Gabelli Funds sold all of
its 65,900 shares in Q1. .
It started to feel like the
fundamentals were becoming
detached from reality. , John Belton, a portfolio manager at Gabelli Funds, via NPR .
We think the stock works best when
there are auto company fundamentals
that justify the stock price, John Belton, a portfolio manager at Gabelli Funds, via NPR .
Ross Gerber of Gerber Kawasaki Wealth
& Investment Management has sold
about 200,000 Tesla shares this year. .
I think the story is over,
is the best way to say it, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
Over the last year and a half, Elon’s
personal quests based on the way that
he sees the world have superseded the
interests of Tesla and its shareholders, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
However, not all of Wall Street
has given up on the stock.
Five mutual funds tracked by Morningstar
increased their Tesla shares last quarter,
and 19 analysts have given Tesla a "buy" or "strong buy" rating, Reuters reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Tesla Recalls Vehicles , Over Faulty Seat Belt Warning System.
Over 125,000 Tesla vehicles are being recalled in the U.S., the National Highway Traffic Safety Administration (NHTSA) said on May 31.
The recall is due to a seat belt warning
system malfunction, NBC News reports. .
Some vehicles failed to flash
warning lights or make noise when a
driver didn't buckle up, the regulator said. .
The following vehicles
are affected by the recall:.
2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y. .
An over-the-air software update will be released by Tesla in June to fix the issue.
Tesla recalled another 200,000 vehicles in January over a software malfunction that could impede drivers' visibility when reversing.
Almost 4,000 Cybertrucks were also recalled in April over a faulty accelerator pedal pad.
Last month, auto safety regulators
launched an investigation to determine
whether Tesla's December recall of
over 2 million vehicles was adequate.
The recall was to implement new Autopilot safeguards following a string of crashes.
Credit: Wibbitz Top Stories Duration: 01:31Published
Dive into the controversy surrounding Tesla's recent layoffs as Elon Musk's termination mail, described as 'insensitive', sparks outrage among employees and netizens. Join us as we explore the fallout and hear firsthand accounts from affected employees, shedding light on the human impact of corporate decisions.
#ElonMusk #ElonMuskMail #Tesla #TeslaLayoff #TeslaTerminationMail #TeslaEmployee #TeslaNews #Oneindia
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Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Credit: Wibbitz Top Stories Duration: 01:31Published
Backup Camera Glitch , Prompts Tesla to Recall , 200,000 Vehicles.
NBC reports that Tesla will recall approximately
200,000 vehicles over a software glitch that
could cause rearview cameras to..
Credit: Wibbitz Top Stories Duration: 01:30Published