Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 
AWS Data Center in UAE Hit by Fire After Objects Strike Facility Amid Regional Tensions 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Lynas Rare Earths Shares Surge 7% After Malaysia Renews Processing Plant Licence for 10 Years 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
Malta will gain from smart heritage 
Tesla recalls a total of 134,951 cars that were previously ordered by the National Highway Traffic Safety Administration to be called back. The US regulators issued a notice to Elon Musk’s electric car company after it determined that the vehicles’ touchscreens are not fit to be used.
As per CNN Business, Tesla will recall the affected units, which are the Model S sedans that were manufactured between 2012 and 2018 and the 2016 to 2018 Model X SUVs. Initially, the EV maker did not agree with the recall notice from the NHTSA, but due to the pressures, the company finally informed Tesla owners that their cars will have to be fixed for safety issues.
Tesla reported to NHTSA
Tesla finally filed a reply to the National Highway Traffic Safety Administration’s request for the recall of almost 135,000 vehicles, and the administration welcomed the company’s move. Moreover, Elon Musk’s company wrote a message to the owners on Feb. 2 and explained that they will recall the affected models.
“Tesla has decided to voluntarily recall certain Model S and Model X vehicles built before March 2018 that are equipped with an 8GB embedded MultiMediaCard (eMMC) in the media control unit because the eMMC may malfunction due to accumulated wear,” part of Tesla’s notice reads. “If a malfunction occurs, you may experience a persistent blank center display that does not recover after restarting the touchscreen, loss of certain functionalities, and/or a vehicle alert to contact Service.”
This recall is being done to end bring closure to the investigation done by the NHTSA regarding the touchscreens. Additionally, this is also to make sure that Tesla owners will only have the best experience with the Tesla brand.
NHTSA’s decision for the recall
In any case, while Tesla recalls the vehicles already, CNBC reported that the NHTSA does not consider this compliance as an indication to end the investigation on Tesla cars. The administration reiterated that the probe is not yet over because they still have to formally close it.
The recall stemmed from NHTSA’s findings that some Tesla models have touchscreens that suddenly stop working properly. They said that since it controls the defogging systems and other safety functions, drivers are being placed at risk due to the defect.
