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Thousands of Tesla cars recalled due to safety issues

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Around 12,000 Tesla vehicles have been recalled due to safety issues associated with a software glitch

The car company recalled nearly 12,000 EVs sold in the US since 2017 which are subject to a safety recall because a communication error which may cause a false forward-collision warning or unexpected activation of the emergency brakes.

The National Highway Traffic Safety Administration (NHTSA) stated that owners of impacted models should contact Tesla as soon as possible.

The California automaker stated that the concern was over 11,704 Model S, X, 3 and Y vehicles, and the recall was prompted after a software update on 23 October to vehicles in its limited early access version 10.3 Full-Self Driving (FSD) (Beta) population.

FSD is an advanced driver assistance system that handles some driving tasks but Tesla says does not make vehicles autonomous.

The National Highway Traffic Safety Administration said Tesla “uninstalled FSD 10.3 after receiving reports of inadvertent activation of the automatic emergency braking system” and then “updated the software and released FSD version 10.3.1 to those vehicles affected”.

The agency confirmed it intends to “continue its conversations with Tesla to ensure that any safety defect is promptly acknowledged and addressed”.

The recent recall follows the NHTSA last month questioning the Elon Musk owned company why it hadn’t issued a recall to address software updates made to its autopilot driver-assistance system to improve the vehicles’ ability to detect emergency vehicles.

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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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