Tesla will recall 200,000 EVs to address a problem with their backup camera. The latest in a series of recalls comes as the automaker faces some serious challenges, including a slowdown in sales and earnings that led to a major sell-off of stock this week, wiping out $80 billion in shareholder value. Headlight.News has more.
Today’s cars already function as computers on wheels, some equipped with over 100 onboard microprocessors. But tomorrow’s vehicles will go significantly further, offering the sort of software-based features and functions found on Apple and Android smartphones and making use of the latest AI technology. Tomorrow’s “software-defined vehicles” will transform what motorists can do while driving – while generating hundreds of billions of dollars in new revenue streams for automakers. We’ll get a look at what this means at the upcoming Consumer Electronics Show in Las Vegas.
Tesla is wrapping up 2023 with another record under its belt. But while sales hit an all-time high they still fell short of CEO Elon Musk’s ambitious forecast. And the Texas-based automaker has a growing list of problems on its plate, including mounting pressure for another recall following the one it announced two weeks ago.
Tesla is coming under more intense fire as a result of a series of crashes involving its Autopilot system. The NTSB wants the automaker to block its use on roads where it’s not safe to operate. And California regulators say the name, Autopilot, is itself false and misleading and should be changed.