Having virtually all of your company’s vehicles on US roads recalled over a long-running safety problem seems like it would be bad for your company. Unless you are Tesla Inc. In which case, it is more of a problem for your competitors.
Tesla just filed a recall report with the National Highway Traffic Safety Administration for about two million vehicles, its biggest ever. The regulator determined that Tesla’s driver-assistance system, dubbed Autopilot, doesn’t do enough to ensure drivers remain engaged and don’t misuse the system. Tesla plans an over-the-air software update that will install more controls and warnings.
The stock is ...
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