Did Tesla's Software Update Fix Autosteer Problems For 2M Cars? NHTSA Starts Probing (UPDATED)
Portfolio Pulse from Anan Ashraf
The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Tesla Inc's (NASDAQ:TSLA) software update intended to address issues with the Autosteer feature in over 2 million vehicles recalled in December. The probe follows concerns arising from post-remedy crash events and preliminary test results of the updated vehicles.

April 26, 2024 | 10:19 am
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Tesla Inc faces a regulatory probe into its software update for 2 million vehicles recalled due to Autosteer issues, potentially affecting investor confidence and stock performance.
The initiation of a regulatory investigation by the NHTSA into Tesla's software update remedy for a significant recall can lead to negative public perception and potential financial implications. Regulatory probes often result in increased scrutiny, potential fines, or further recalls, all of which can adversely affect Tesla's stock price in the short term. The specific mention of post-remedy crash events and preliminary test concerns heightens the risk of negative outcomes from this investigation.
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