LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Tesla is recalling 1.8 million US vehicles due to a faulty hood latch that increases the risk of accidents.
Unlatched Hood Detection Issue
Due to a problem with the hood, which could raise the likelihood of a crash, Tesla is recalling over 1.8 million vehicles, Reuters reports.
The hood latch assembly could not be able to detect an unlatched hood once it has been opened, which is why Elon Musk's Tesla is recalling certain Model 3, Model S, Model X, and 2020–2024 Model Y vehicles.
Risk of Unlatched Hood While Driving
When the hood is not fastened, it can open all the way while the car is moving, which could make it harder for the driver to see and increase the risk of an accident. No accidents, injuries, or fatalities have been reported to the company regarding this matter.
A request for comment was not promptly addressed by Tesla.
Investigation Started in China
On March 25, Tesla started looking into the reports of problems with Model 3 and Model Y cars in China. The defect affecting Chinese vehicles was determined to be a latch switch deformation by the middle of April, according to the carmaker.
Tesla has kept digging into the matter and has discovered that the incidence rates were higher in China than in North America and Europe, but they don't know why.
According to Tesla, three warranty claims or field reports involving U.S. vehicles as of July 20 have been discovered as being connected to or potentially related to the hood issue.
Per MarketScreener, in response to the problem, Tesla has distributed a free software upgrade, according to the National Highway Traffic Safety Administration. On September 22nd, letters informing owners should be sent out.
Fourth Cybertruck Recall in the US
The futuristic new Cybertruck pickup from Tesla was recalled for the fourth time in the US since it went on sale on November 30th. The recall aimed to remedy issues with front windshield wipers that could fail and loose trim elements.
