BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Tesla is recalling about 362,758 vehicle units because the Full Self-Driving Beta software or FSD may cause a collision. This is a voluntary move taken by the electric vehicle maker to avoid any accidents.
Tesla’s FSD Beta is an experimental driver-assistance software and some units in the United States are already equipped with this feature. The recall was announced on Thursday, Feb. 16. To fix the issue, the company said it will release an over-the-air software update for the affected EVs.
As per CNBC, the U.S. National Highway Traffic Safety Administration stated in its own recall notice that Tesla’s FSD Beta system may spark off crashes on the road by letting the vehicles “Act unsafe around intersections, such as travelling straight through an intersection while in a turn-only lane, entering a stop sign-controlled intersection without coming to a complete stop, or proceeding into an intersection during a steady yellow traffic signal without due caution.”
Moreover, the safety and traffic agency said the Full Self Driving Beta system may also have difficulties with responding accordingly or based on the “changes in posted speed limits.”
As posted on NHTSA’s recall notice, the affected Tesla units include certain 2016-2023 Model S and Model X, 2017-2023 Model 3 vehicles, and Model Y from 2020 to 2023 model years. All of these were fitted with the FSD Beta but some units with pending installation are also included in the recall.
For the solution, the over-the-air (OTA) software update will be given to drivers of the affected EVs for free. Owners will also be notified of the recall through the mail which is expected to be sent out by April 15, 2023.
To learn more about the issue, drivers may also directly reach out to Tesla via its customer service at 1-877-798-3752 or the NHTSA hotline at 1-888-327-4236. Finally, this latest Tesla recall can be identified through its number: SB-23-00-001.
Photo by: David von Diemar/Unsplash
