Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Tesla Inc. will have to recall 53,822 units of its self-driving electric vehicles in the United States. The affected models are those fitted with the beta version of its Full Self-Driving software.
Based on the recall notice posted by the US National Highway Traffic Safety Administration (NHTSA), some models conduct "rolling stops" and fail to fully stop at some road intersections, which is very dangerous and clearly poses a safety risk. It is also possible for the vehicle to totally ignore the stop sign and continue to travel without stopping at all.
As reported by Reuters, Tesla recalls the Model S and Model X (2016-2022), Model Y units with model years from 2020 to 2022, and the Model 3 with model years 2017 to 2022. The NHTSA said the EVs' "rolling stop" functionality is the main reason for the recall.
To fix the issue, Tesla will be carrying out an over-the-air (OTA) software update, and the rolling stop feature will be disabled in the process. The remedy will be free of charge, so owners can simply bring their vehicles to authorized dealers and Tesla centers for the needed repairs.
In January, Tesla's beta version of its driver-assist technology was updated, and after the process, the system issued a message that reads: "In this profile, your Tesla will have a smaller follow distance, perform more frequent speed lane changes, will not exit passing lanes and may perform rolling stops."
Fox Business reported that the Full Self-Driving software was installed in some Tesla models after their owners had opted in and subsequently been approved to participate in the test. It was added that a less capable version of the said software is also available at the company for $12,000, and its installation is only optional.
Meanwhile, as of Jan. 27, Tesla Inc. has not yet received any report of crashes, injuries, or fatalities due to the "rolling stops" issue. Furthermore, the company is not aware of any incidents related to the recall.
All owners of the affected vehicle models will be contacted by Tesla through the mail by Mar. 28. They may also directly contact the EV maker's customer service at 1-877-798-3752 and indicate the company's number for this recall which is SB-22-00-001.
