CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Tesla is recalling around 475,000 electric vehicles and cited technical issues that may increase the risk of road accidents. It was reported that there are separate recalls for the Tesla Model 3 and Model S and they have different problems.
According to CNN Business, a certain batch of Tesla Model 3 was recalled due to rearview camera while the Model S has issues with the frunk and latches. The number of recalls is said to be almost as many as the company's total global deliveries last year that is only less than 500,000.
The Tesla recall notices that were filed with the U.S. National Highway Traffic Safety Administration were both voluntary. The company already informed its stores and service centers about the recalls last week.
The affected Tesla Model 3 cars are those that were manufactured between 2017 and 2020, and these may reach a total of 356,309 EVs. The rearview camera feed may be blocked in these vehicles because of a cable that may separate over time due to wear and tear.
As for the Model S units made between 2014 to 2021, 119,009 vehicles are part of the recall as the latch in the frunk may have been fitted improperly. The misalignment may prevent the secondary hood latch from engaging and this may result in sudden opening of the hood. Tesla was said to have started checking the frunk issue earlier this year when it opened without warning while the Model S was being driven.
The electric vehicle maker also started probing the rearview camera issue in Model 3 in June 2021 after Tesla observed a "potential trend" in wiring harness consumption at its service centers.
"Unavailability of the rearview camera display may affect the driver's rearview and increase the risk of a collision," part of the recall statement reads as posted on Fox Business. "If there is a loss of rearview camera display, the driver can continue to operate the vehicle by performing a shoulder check and using their mirrors when backing."
Tesla owners of the affected car models can expect to get a recall letter from the company on Fed. 18, 2022. Instructions on how to fix the issue and other details will be provided in the notice. Finally, the electric carmaker is not aware of any crashes, injuries or deaths related to the recalls.
