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Tesla Recalls 1.6M Vehicles In China Over Autosteer Misuse Concerns

This action comes on the heels of a similar recall initiated by the electric vehicle giant in the United States last month, affecting over 2 million cars.
byAnan Ashraf
January 5, 2024
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Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is recalling more than 1.6 million vehicles in China due to concerns related to the misuse of autosteer features.

In response to the issue, the company plans to address it through a software update designed to remind drivers to adhere to driving regulations.

This action comes on the heels of a similar recall initiated by the electric vehicle giant in the United States last month, affecting over 2 million cars.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: â€˜Congrats:’ Tesla CEO Elon Musk Salutes Rival Jim Farley On Ford’s Epic 2023 Sales Achievements

 
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Nasdaq Tumbles 150 Points; US Private Sector Adds 107,000 Jobs In January

By Avi Kapoor
January 31, 10:41 AM
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 150 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.13% to 38,517.77 while the NASDAQ fell 1.07% to 15,344.69. The S&P 500 also fell, dropping, 0.47% to 4,901.66.

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