Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Tesla recalls 3,470 Model Y electric vehicles after loose bolts were discovered last month. The loose-fitting bolts were said to have been installed in the second-row seat back frames of the affected EV models.
Due to the issue, the seat frames were not properly secured. Tesla said the Model Y EVs covered in the recall are those units manufactured between May 23, 2022, and Feb. 5, 2023.
Based on estimation, four percent of the Model Y units are affected in this latest recall that was reported to the U.S. National Highway Traffic Safety Administration (NHTSA) in late February.
As mentioned by CNN Business, the loose bolts may cause the seat belts to detach and fail to work as they should in the event of a crash. The NHTSA said this increases the risk of injury for the passengers in the back row of the affected Model Y EVs.
The second-row driver and passenger-side seat back frames of the car are secured with four bolts per seat. However, while in production, some of the Model Y EVs may have one or more of their bolts loosened up. The bolts are used for securing the seat back frames to the lower seat frame, but these may not have been torqued according to specifications.
The company said that owners of the affected electric cars would be able to tell if their units have loose bolts by checking if their second-row seat back frame is folding properly. If not, the bolts are loose, and they may also hear rattling sounds when driving.
Tesla said that so far, it has not received any complaints related to the bolt issue. Then again, in December of last year, a driver in California was said to have discovered a faulty seat back bolt which prompted Tesla to investigate. The assessment concluded last month, and the recall was immediately issued.
As posted by the NHTSA in its recall notice, Tesla will inspect and tighten the bolts to fix the problem, and this service will be free of charge. All owners of the affected Model Y cars will be notified through mail.
Photo by: Charlie Deets/Unsplash
