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Tesla recalls more than 1.68 million vehicles in China due to safety risks, causing market value to evaporate by 1.5 trillion yuan

2024-08-07

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According to CCTV News,TeslaTesla (Beijing) Automobile Co., Ltd. and Tesla (Shanghai) Co., Ltd. have 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, some imported products with production dates between October 15, 2020 and July 17, 2024 will be recalled.Model SModel XAnd domesticModel 3Model YElectric vehicles, totaling 1,683,627.

For some vehicles covered by this recall, after the trunk lid is unlocked, the trunk latch assembly system may not be able to detect that the trunk lid is unlocked, and the vehicle cannot issue a "front trunk is not locked" prompt. In extreme cases, the 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 Tesla will recall more than 1.8 million electric vehicles in the United States because the software cannot detect an unlocked hood.

The agency believes that this software defect may cause the unlocked hood to open suddenly while driving and block 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 models 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, after reaching a peak of $270 during trading on July 11, Tesla's stock price has recently fluctuated downward. On August 6, local time, Tesla's stock price fell again. As of press time, it was reported at $195.36, and its total market value evaporated by more than $210 billion (about RMB 1.5 trillion).

During this period, Musk sent out signals many times, seemingly trying to "bet" on autonomous driving to revive the stock price.

On July 24, Tesla released its second quarter financial report. 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 that he will apply for regulatory approval in Europe and China to implement FSD (full autonomous driving capability) under supervision, and it is expected to be approved by the end of this year. In addition, Tesla Robotaxi will be released on October 10, and it is possible that it will be put into use by the end of this year or next year at the latest.

On July 30, Musk said that Tesla began to widely promote version 12.5.1 of FSD.

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. Simply put, 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 on image data input. Previously, Tesla's autonomous driving system relied on rule-based judgments, relying on car cameras to identify lanes, pedestrians, vehicles, signs, and 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 that the 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.

The reporter of Daily Economic News found that the Tesla Model Y on the procurement list was classified under off-road vehicles, which also includesCheryJietu,publicTouron XToyota RAV4, Hongqi New HS5 and other 148 models.

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.

edit|Duan Lian Gai Yuanyuan

Proofreading|Wang Yuelong

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

Daily Economic News