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Breaking news! Tesla recalls more than 1.68 million vehicles in China due to safety risks! Stock price plummets, market value evaporates by 1.5 trillion yuan in less than a month

2024-08-07

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According to CCTV News, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. recently filed a recall plan with the State Administration for Market Regulation in accordance with the requirements of the Regulations on the Management of Recall of Defective Automobile Products and the Implementation Measures for the Regulations on the Management of Recall of Defective Automobile Products:

  • From now on,The recall involves some imported Model S, Model X, and domestically produced Model 3 and Model Y electric vehicles produced between October 15, 2020 and July 17, 2024, totaling 1,683,627 vehicles.


For some vehicles within the scope of this recall, after the front trunk lid is unlocked, the front trunk latch assembly system may not detect that the front trunk lid is unlocked, and the vehicle may not issue a "front trunk is not locked" prompt.In extreme cases, the front trunk lid may be opened while the vehicle is driving, affecting the driver's field of vision, increasing the risk of vehicle collision, and posing a safety hazard.

Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will use the vehicle remote upgrade (OTA) technology to upgrade the software for vehicles within the recall scope for free. The upgraded vehicles can identify the faulty state of the front trunk latch and issue a text and buzzer prompt of "front trunk is not locked". At the same time, vehicles with faulty front trunk latches will be repaired free of charge to eliminate safety hazards. For vehicles that cannot be upgraded through OTA technology, the Tesla service center will contact relevant users to implement the recall.

More than 1.8 million vehicles were recalled in the U.S. a week ago
In less than a month, the market value evaporated by $210 billion

According to China Economic Net, MarketWatch, a news website under Dow Jones, reported on the 30th that the National Highway Traffic Safety Administration (NHTSA) said that because the software cannot detect the unlocked hood,Tesla to recall more than 1.8 million electric vehicles in the U.S.

The agency believes the software flaw could cause an unlocked hood to suddenly open while driving and obstruct the driver's view, increasing the risk of a crash.The recall involves Model 3, Model S, Model X produced from 2021 to 2024, and Model Y produced from 2020 to 2024, affecting 1.8496 million vehicles.

It is reported that Tesla has released a car remote upgrade software update to solve this problem. Affected car owners will receive a notification letter from Tesla before September 22, 2024.

To make matters worse, Tesla’s stock price has been fluctuating downward since reaching a peak of $270 during trading on July 11. On August 6, local time, Tesla’s stock priceFalling again,As of press time, the stock price was reported at $195.36, and its total market value had evaporated by more than $210 billion (approximately RMB 1.5 trillion).

During this period, Musk sent out signals many times, which seemed toTrying to "bet" on autonomous driving to revive its stock price.

Tesla released its second-quarter financial report on July 24. Data showed that in the second quarter, Tesla produced more than 410,000 electric vehicles worldwide and delivered more than 444,000 electric vehicles, a month-on-month increase of 14.7%.

Musk also announced the progress of autonomous driving and other businesses during the earnings call. Musk said,We will apply for regulatory approval in Europe and China to implement supervised FSD (full self-driving capability), and we expect approval by the end of this year.also,TeslaRobotaxiIt will be released on October 10 and may be put into use by the end of this year or next year at the latest.

July 30,Musk said TeslaStarted to widely promote FSD version 12.5.1.

Musk said in a previous test drive live broadcast that the FSD V12 version can already achieve an "end-to-end" artificial intelligence autonomous driving solution. In short,After the image data obtained by the camera is input into the algorithm, the solution can directly output vehicle control instructions such as steering, acceleration, and braking. It is more like a human brain, without the need for high-precision maps and lidar, and can analyze and output control strategies based only on image data input.Previously, Tesla's autopilot system relied on rule-based judgment, relying on car cameras to identify lanes, pedestrians, vehicles, signs, traffic lights, etc., and then engineers wrote code to deal with various situations.

Multiple car models enter the local government procurement platform

Recently, the Fujian Provincial Government Procurement Online Supermarket website showed thatTesla Model Y "TSL6480BEVAR0" has been included in the "Purchase Online Supermarket" listIt is reported that the shortlisted model is a rear-wheel drive version (standard endurance version) in starry sky gray.

Tesla's official website shows thatThe official guide price of this model is 249,900 yuan, the CLTC pure electric range is 554 kilometers, the acceleration from 0 to 100 kilometers is 5.9 seconds, and the maximum speed can reach 217km/h

A reporter from the Daily Economic News found that the Tesla Model Y, which was shortlisted for the purchase, was classified under off-road vehicles, which also included 148 models including Chery Jetour, Volkswagen Touron X, Toyota RAV4, and Hongqi New HS5.

Image source: Fujian Provincial Government Procurement Online Supermarket

In addition,Tesla has also entered the Yunnan Provincial Government Procurement Cloud Platform and the Jilin Provincial Government Procurement Cloud PlatformOn the Yunnan Provincial Government Procurement Cloud Platform, Tesla's shortlisted models include the Model 3 rear-wheel drive version and the Model Y rear-wheel drive version. On the Jilin Provincial Government Procurement Cloud Platform, Tesla's shortlisted models are the Tesla Model 3 rear-wheel drive version.

On July 4, the Jiangsu Government Procurement Network disclosed the "Announcement on the Shortlisted Procurement of New Energy Vehicle Framework Agreements for Party and Government Agencies, Institutions and Groups in Jiangsu Province for 2024-2025 (III)"Tesla Model Y is included in the Jiangsu Provincial Government's new energy vehicle procurement catalogThis is the first case in the country where Tesla entered the government procurement catalog.

source:Daily Economic News is compiled from CCTV News, China Economic Net, Cailianshe, and Meijing.com, Jiemian News, public information, etc.
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