Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Tesla Inc. issued another recall for some of its vehicle models, citing a software error that may cause windshield defrosting problems. Elon Musk’s company recalls 26,681 cars in the United States, and this was also announced by the National Highway Traffic Safety Administration (NHTSA) on Wednesday, Feb. 9.
According to Reuters, Tesla explained that the error in the software may stir up a valve in the heat pump and cause it to inadvertently open and shut in the refrigerant inside the evaporator.
As a result, the cabin heating systems may not be able to work and fail in defrosting the windshield fast enough. This will increase the risk of a crash since visibility while driving would be affected.
The latest Tesla recall affects the Model 3 from 2021 to 2022, Model Y from 2020 to 2022, Model X, and Model S vehicles. Based on the report, They are being called back for repairs as they may not conform with a federal motor vehicle safety standard.
As of the moment, Tesla stated there is no report yet or it is not aware of any injuries or crash incidents related to its vehicles with the mentioned windshield issue. The electric vehicle maker and the NHTSA released a recall notice when the company received several complaints from car owners in December of last year. They are complaining about the loss of heating performance when driving in extremely cold weather.
This announcement is the latest recall from Tesla as it has been issuing a string of recall notices in recent months. In fact, just last month, the Austin, Texas, headquartered vehicle manufacturer released a new software update to fix some problems. The update was also done as a precautionary measure.
It also recalled over 130,000 units due to touchscreen displays that may not work properly. The NHTSA said the device’s failures could lead to serious safety issues thus it urged Tesla to call back the affected cars to fix the issue.
Meanwhile, the Associated Press reported that based on the notes that were posted on Wednesday, Feb. 9, Tesla will be sending out an online software update so the heat pumps problem will be resolved. It was added that Tesla outlets and service centers were already notified of the recall as early as Feb. 4.
