>>20115399 (lb)
Canada #50 >>20076070
Tesla recall affects almost 90% of all EVs in Canada
It’s a total Tesla recall.
Faulty Tesla software affects almost nine in 10 electric vehicles on the road in Canada, according to the latest Statistics Canada data.
On Wednesday, Transport Canada officially posted a recall notice which affects virtually every Tesla sold in this country since 2017, or about 193,000 units, for its faulty Autosteer or advanced driver assistance feature.
By comparison, there are only 220,000 battery electric cars of all makes registered in the Great White North. And it is the first time a vehicle — any make or model — has been recalled for anything other than a mechanical issue.
It’s essentially a software issue.
According to Transport Canada’s website, the Tesla controls that monitor driver ‘engagement’ may not kick in with audible and visual alerts to warn the driver the feature is not available or about to disengage. That means a higher risk of a crash if the driver fails to realize it has been automatically shut off — or falls asleep at the wheel.
It comes after a two-year investigation from the US National Transportation Safety Board (NTSB) following 35 crashes affecting Tesla Evs stateside, killing at least 17 people.
That includes a fatal crash in Virginia that resulted from the Autopilot improperly speeding through an intersection and was t-boned by a semi-trailer
More:
https://www.westernstandard.news/business/tesla-recall-affects-almost-90-of-all-evs-in-canada/51068
Canada #50 >>20104821
"Tesla Wannabe" EV Names Have Run Out Of Cash, As SPAC-Crazed Bubble Bursts
As EV market saturation continues, the tide is going out on many "Tesla wannabe" startup companies who couldn't commercialize production quick enough to turn profitable. Now, serious questions remain to the viability of many of the smaller EV companies that didn't have the "first mover" advantage that Tesla had.
Such was the topic of a new WSJ article this week which highlighted that many EV companies are simply running out of cash.
The report noted that at least 18 EV and battery startups, including high-profile names like Nikola and Fisker, face the risk of depleting their cash reserves by the end of 2024. These companies, once known for their ambitious goals to revolutionize the industry with electric trucks and SUVs, have struggled with increasing costs and manufacturing challenges. Continue…
More:
https://www.zerohedge.com/markets/tesla-wannabe-ev-names-have-run-out-cash-spac-crazed-bubble-bursts