UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Sterling Slides as Dollar Holds Firm Amid U.S.-Iran Tensions 
Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
U.S. Futures Dip as Iran Ceasefire Faces Early Challenges 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Gold Prices Surge to Three-Week High as Trump-Iran Ceasefire Weakens Dollar 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
Tesla is recalling about 362,758 vehicle units because the Full Self-Driving Beta software or FSD may cause a collision. This is a voluntary move taken by the electric vehicle maker to avoid any accidents.
Tesla’s FSD Beta is an experimental driver-assistance software and some units in the United States are already equipped with this feature. The recall was announced on Thursday, Feb. 16. To fix the issue, the company said it will release an over-the-air software update for the affected EVs.
As per CNBC, the U.S. National Highway Traffic Safety Administration stated in its own recall notice that Tesla’s FSD Beta system may spark off crashes on the road by letting the vehicles “Act unsafe around intersections, such as travelling straight through an intersection while in a turn-only lane, entering a stop sign-controlled intersection without coming to a complete stop, or proceeding into an intersection during a steady yellow traffic signal without due caution.”
Moreover, the safety and traffic agency said the Full Self Driving Beta system may also have difficulties with responding accordingly or based on the “changes in posted speed limits.”
As posted on NHTSA’s recall notice, the affected Tesla units include certain 2016-2023 Model S and Model X, 2017-2023 Model 3 vehicles, and Model Y from 2020 to 2023 model years. All of these were fitted with the FSD Beta but some units with pending installation are also included in the recall.
For the solution, the over-the-air (OTA) software update will be given to drivers of the affected EVs for free. Owners will also be notified of the recall through the mail which is expected to be sent out by April 15, 2023.
To learn more about the issue, drivers may also directly reach out to Tesla via its customer service at 1-877-798-3752 or the NHTSA hotline at 1-888-327-4236. Finally, this latest Tesla recall can be identified through its number: SB-23-00-001.
Photo by: David von Diemar/Unsplash
