financetom
Business
financetom
/
Business
/
Update: Tesla's Autopilot Recall Being Investigated by US Auto Safety Regulator
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Tesla's Autopilot Recall Being Investigated by US Auto Safety Regulator
Apr 26, 2024 7:02 AM

09:44 AM EDT, 04/26/2024 (MT Newswires) -- (Updates with additional information)

Tesla (TSLA) is facing a probe by the National Highway Traffic Safety Administration, or NHTSA, regarding the adequacy of its recall for over 2 million vehicles announced in December to install new Autopilot safeguards.

The auto safety regulator said Thursday it launched an investigation due to concerns arising from crash events after the recall software update, "and results from preliminary NHTSA tests of remedied vehicles."

NHTSA also noted Tesla's statement that part of the remedy "requires the owner to opt in and allows a driver to readily reverse it."

The regulator noted Tesla's issuance of software updates to address the issues related to its concerns but the investigation will consider "why these updates were not a part of the recall or otherwise determined to remedy a defect that poses an unreasonable safety risk."

The recall investigation includes Model Y, X, S, 3, and Cybertruck vehicles in the US with Autopilot, spanning from the 2012 to 2024 model years, according to a Reuters report.

Price: 169.41, Change: -0.77, Percent Change: -0.45

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US lawmakers urge Biden to close tariff 'loophole' for Chinese small package imports
US lawmakers urge Biden to close tariff 'loophole' for Chinese small package imports
Sep 11, 2024
WASHINGTON, Sept 11 (Reuters) - A majority of Democratic U.S. House of Representatives members on Wednesday urged President Joe Biden to use his executive powers to end a tariff loophole for low-value packages that they say are being exploited by Chinese e-commerce firms and fentanyl traffickers. The lawmakers in a letter asked Biden to end the de minimis trade provision...
California Cannabis Brands Papa & Barkley And Mammoth Distribution Announce Merger, Promising National Expansion
California Cannabis Brands Papa & Barkley And Mammoth Distribution Announce Merger, Promising National Expansion
Sep 11, 2024
Papa & Barkley, a well-known cannabis wellness brand in California, has merged into Mammoth Distribution, one of the state's leading distributors. The companies announced the merger Wednesday in a joint press release. This marks a significant consolidation within California's cannabis industry, promising a focus on quality, sustainability and expanded national reach. Company Leaders Highlight Merger Benefits Nik Patel, CEO and...
OceanaGold On Track To Delineate High-Grade Mineralization in the Haile Underground
OceanaGold On Track To Delineate High-Grade Mineralization in the Haile Underground
Sep 11, 2024
05:22 PM EDT, 09/11/2024 (MT Newswires) -- OceanaGold Corporation ( OCANF ) after trade Wednesday said it is on track to delineate two-million ounces underground at the Haile Gold Mine in the United States by the end of 2024, as it provided the latest results from exploration and resource conversion drilling there. Chief executive Gerard Bond in a statement said:...
Viasat Upsizes, Prices $1.98 Billion Offering of Senior Secured Notes
Viasat Upsizes, Prices $1.98 Billion Offering of Senior Secured Notes
Sep 11, 2024
05:29 PM EDT, 09/11/2024 (MT Newswires) -- Viasat ( VSAT ) said Wednesday that its units Connect Finco and Connect US Finco upsized and priced a $1.98 billion offering of 9% senior secured notes due 2029. The company expects to close the offering on or about Sept. 25. Net proceeds from the offering along with cash on hand will be...
Copyright 2023-2026 - www.financetom.com All Rights Reserved