Elon Musk Says Tesla Deleted CrowdStrike From Its Systems But Was Not Untouched By Global IT Outage: 'Unfortunately, Many Of Our Suppliers...Use It'
Portfolio Pulse from Anan Ashraf
Elon Musk revealed that Tesla was impacted by a global IT outage caused by a software update from CrowdStrike, which conflicted with Microsoft's Windows OS. Despite Tesla removing CrowdStrike from its systems, the company was still affected due to its suppliers using the software. Microsoft and CrowdStrike shares fell following the incident.
July 20, 2024 | 7:05 am
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NEGATIVE IMPACT
CrowdStrike's software update caused a global IT outage by conflicting with Microsoft's Windows OS, leading to significant disruptions across various sectors. CrowdStrike shares fell 11.1% following the incident.
The incident directly implicates CrowdStrike's software, leading to a significant drop in its stock price due to the widespread impact and potential reputational damage.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's Windows OS was affected by a conflict with a CrowdStrike software update, causing a global IT outage. Microsoft shares fell 0.7% following the incident.
Microsoft's systems were disrupted, affecting critical services globally. This could lead to short-term negative sentiment and minor stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tesla was affected by a global IT outage caused by a CrowdStrike update conflicting with Microsoft's Windows OS. Despite removing CrowdStrike from its systems, Tesla was still impacted due to its suppliers using the software.
Tesla's operations were disrupted due to the IT outage, which could lead to short-term operational challenges and potential delays in production or supply chain issues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80