Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth. 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
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.
