Tesla (NASDAQ:TSLA)
In an update to its voluntary recall of 362,758 cars, Tesla (NASDAQ:TSLA) indicated that it is suspending a deployment of FSD Beta until a software patch is ready. This information was provided in response to a request for comment. As a result, Tesla’s stock surged in the market.
According to the manufacturer, the recall is affecting cars in both the United States of America and Canada. These vehicles include Model S, Model 3, Model X, and Model Y automobiles.
According to the statement made by the business, “a software update that contains the solution that will enhance how FSD Beta negotiates certain driving maneuvers under particular situations will be sent over-the-air (OTA) to impacted cars when the software is ready.” “The distribution of FSD Beta to everyone who has opted-in but has not yet received a software version including FSD Beta has been delayed until the software version containing the remedy is ready,” the company said in a statement “We apologize for the inconvenience.”
After the solution has been made accessible, the customers will be contacted.
Moreover, the update explained that FSD Beta is an “SAE Level 2 driver assistance function that may offer steering and braking/acceleration help to the driver within specified operational constraints” and that the driver is responsible for the vehicle’s operation whenever FSD is activated. The update also recognized “limitations” of the program, such as problems occurring at certain junctions and yellow traffic lights and problems relating to speed control in particular variable speed zones.
Shortly after the market opening on Monday, Tesla stock increased by 4.63%.
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