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Tesla crash leaves two dead in China

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Tesla crash in China leaves two dead as safety concerns grow

Two people have been killed and several others injured after a Tesla lost control and subsequently crashed in China.

Reports suggest the crash was a result of a software failure. As a result, the EV maker has now confirmed it will launch its own investigation.

Video footage of the incident shows the vehicle speeding through China’s southern province of Guangdong. Moments later, it struck and killed both a motorcyclist and a high school girl.

The Model Y pulled out in front of a store before speeding down a road without braking for more than a kilometre and a half until it swerved and crashed.

Police are currently working to identify the truth behind this accident and Tesla says it will “actively provide any necessary assistance.”

“Police are currently seeking a third party appraisal agency to identify the truth behind this accident and we will actively provide any necessary assistance.”

China is the EV maker’s second-largest market, with the crash dominating news headlines around the country on Sunday.

Tesla CEO, Elon Musk, has previously touted the Autopilot’s function as being “probably better” than a human driver.

 

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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