Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
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.
