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Tesla is recalling nearly all of the vehicles it has sold in the US because some warning lights on the instrument panel are too small.

The recall of nearly 2.2 million vehicles announced Friday by the National Highway Traffic Safety Administration is a sign of stepped-up scrutiny of the electric vehicle maker.

The agency also said it hasupgraded a 2023 investigationinto Tesla steering problems to an engineering analysis, a step closer to a recall.

Documents posted Fridayby the agency say the warning light recall will be done with an online software update.

It covers the 2012 through 2023 Model S, the 2016 through 2023 Model X, the 2017 through 2023 Model 3, the 2019 through 2024 Model Y and the 2024 Cybertruck.

The agency says that the brake, park and anti-lock brake warning lights have a smaller font size than required by federal safety standards.

That can make critical safety information hard to read, increasing the risk of a crash.

Tesla has already started releasing the software update, and owners will be notified by letter starting March 30.

NHTSA says it found the problem in a routine safety compliance audit on Jan. 8.

Tesla has identified three warranty claims potentially related to the problem, but has no reports of crashes or injuries.

Shares of Tesla, which have been in a downward trend since July and slumped after the companys fourth quarter earnings report last week, fell another 2.7% in early trading Friday to levels not seen since May of last year.

In December, NHTSA pressured Tesla into recalling more than 2 million vehicles to update software and fix a defective system thats supposed to ensure drivers are paying attention when using Autopilot.

Documents said the update will increase warnings and alerts to drivers.

The recall came aftera two-year investigationby NHTSA into a series of crashes that happened while the Autopilot partially automated driving system was in use.

Some were deadly.

The agency says its investigation found Autopilots method of making sure that drivers are paying attention can be inadequate and can lead to foreseeable misuse of the system.

The added controls and alerts will further encourage the driver to adhere to their continuous driving responsibility, the documents said.

But safety experts said that, while the recall is a good step, it still makes the driver responsible and doesnt fix the underlying problem that Autopilot isnt reacting to stopped vehicles.

They say that Teslas driver monitoring system that relies on detecting hands on the steering wheel doesnt stop drivers from checking out.

Tesla says on its website that its Autopilot and Full Self-Driving systems cannot drive the vehicles, and that human drivers must be ready to intervene at all times.

In February of last year, NHTSA also pressed Tesla to recall nearly 363,000 vehicles with its Full Self-Driving system because it can misbehave around intersections and doesnt always follow speed limits.

The recall was part of part of a larger investigation into Teslas automated driving systems.

It raised questions about CEO Elon Musks claims that he can prove to regulators that cars equipped with Full Self-Driving are safer than humans, and that humans almost never have to touch the controls.

Musk at one point had promised that a fleet of autonomous robotaxis would be in use in 2020.

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The latest action appears to push that development further into the future.

In addition, Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls.

Chinas State Administration for Market Regulation announced the recall in early January. It said Tesla Motors in Beijing and Shanghai would use remote upgrades to fix the problems.

The recall is due to problems with the automatic steering assist function and applies to 1.6 million imported Tesla Model S, Model X, Model 3 and Model Ys.

When the automatic steering function is engaged, drivers might misuse the combined driving function, increasing a risk of accidents, the notice said.

The recall to fix the door unlock logic control for imported Model S and Model X EVs affects 7,538 vehicles made between Oct. 26, 2022 and Nov. 16, 2023.

It is needed to prevent door latches from coming open during a collision.

Tesla was the top seller of electric vehicles in the world last year, but Chinas BYD beat the company in the fourth quarter.

BYD is the leader in the booming China market.

The steering investigation upgrade, also announced Friday in documents, covers more than 334,000 Tesla vehicles.

The probe was opened in July of last year after the agency received a dozen complaints about loss of steering control in 2023 Model Y and 3 vehicles.

Now the agency says it has 115 complaints, and it received another 2,176 after requesting information from the company.

Agency documents say drivers are reporting loss of steering control, often accompanied by messages showing that power assisted steering has been reduced or disabled.

Some complained of an inability to turn the steering wheel, while others said it required more effort.

A message was left Friday seeking comment from Tesla.

In one case a driver told NHTSA that they couldnt complete a right turn and ran into another vehicle.

The agency said there have been multiple allegations of Teslas blocking intersections or roadways.

Over 50 vehicles had to be towed, according to the consumer complaints.

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Consumers could get new roles in effort to rebuild trust in water companies

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Consumers could get new roles in effort to rebuild trust in water companies

Consumers could be allowed to attend water company board meetings under new rules proposed by the regulator.

Companies may survey and research customers to understand their views, involve them in decision-making and seek feedback on consumers’ experience.

Under the suggested reforms by regulator Ofwat, customer voices could be heard by making changes to a company’s governing body, the board of directors.

Money latest: Michelin-guide restaurant launches water menu

The obligation to hear billpayers’ views could be met by boards allocating time for consumer matters, arranging for consumer experts to attend, holding open board meetings for the public, or by having an independent director with a consumer focus.

Boards could also comply by arranging for independent consumer experts, such as the Consumer Council for Water (CCW), to regularly attend.

Topics that consumers will have to be consulted on include the cost of bills, performance of key water services, support when things go wrong – like water outages – and the company’s investment priorities.

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When decisions likely to materially impact consumers are made, the water company needs to have clear processes to ensure consumers are involved, Ofwat said.

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Is Thames Water a step closer to nationalisation?

As well as including water users in decision-making, utilities will have to work to understand how decisions impact consumers so those views are taken into account in future decisions.

Seeking this feedback must involve engaging with the new consumer panels being developed by the CCW to hold companies to account, Ofwat’s rules outline.

Why’s this being done?

It’s all part of the government’s aim to rebuild trust in the water sector and to improve accountability, transparency and performance in water firms.

The public has been outraged by record sewage outflows and polluted waterways at a time when senior executives are receiving bonuses and bills are rising.

New powers were granted to regulator Ofwat to clean up the sector, and rules on pay and bonuses were developed and took effect in June.

They’ve already been used to claw back bonuses.

What next?

Stakeholders have until 1 October to respond to the consultation, with Ofwat intending the rules take effect on existing water utilities in April.

Consultations already took place to make the suggested rules with 11,000 responses received from businesses, groups and individuals.

Not all of the replies made their way into the rules. The idea of having MPs and local authorities involved in decision-making, received from “several respondents”, appears not to have been included.

It comes despite the recent announcement of Ofwat being scrapped, as part of a once-in-a-generation review of the sector.

It and the other regulators are to be replaced by one single body.

Ofwat said it was working until new arrangements were in place and continuing to implement rules on remuneration and governance.

How’s it been received?

Environmental charity River Action said to rebuild trust in the industry, the government “needs to go a lot further than tinkering around the edges”.

“We need a complete overhaul of how water companies are owned, financed and governed. That means ending privatisation and instead operating for public benefit,” chief executive James Wallace said.

Industry group Water UK said: “It is important customers are involved in water companies’ decision-making.

“We will continue to work with government on these proposed rules and other vital reforms to secure our water supplies, support economic growth and end sewage entering our rivers and seas.”

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Hamas ‘agrees to ceasefire-hostage deal’ with Israel, senior official says

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Hamas 'agrees to ceasefire-hostage deal' with Israel, senior official says

Hamas has agreed to a ceasefire-hostage deal with Israel, according to a senior official.

Egyptian and Qatari mediators have been holding talks with Hamas in their latest effort to broker a ceasefire with Israel in Gaza.

The Hamas official did not provide further details of the agreement or what had been accepted.

Hamas has responded positively to such deals in the past, while proposing amendments which have proved unacceptable to Israel.

Sky’s International Correspondent Diana Magnay in Jerusalem said the agreement appears to be similar to the plan put forward by Donald Trump’s Middle East envoy, Steve Witkoff, for a 60-day ceasefire deal.

“What we understand from Hamas, in relation to this deal, is that it would be within the 60-day ceasefire framework, but it would be a release of prisoners and detainees in two parts.

“What we understand from Arab channels is that Hamas agreed to it without major alterations,” she said.

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An Egyptian official source told Reuters that, during the ceasefire, there would be an exchange of Palestinian prisoners in return for the release of half of the Israeli hostages held in Gaza.

There has been no word from Israel about the proposed ceasefire.

Diana Magnay said it is clear that mediators from Egypt and Qatar, potentially along with Hamas, felt under pressure because of Benjamin Netanyahu’s plan to push further into Gaza City, “and that’s why you’ve had mediators over the weekend in Cairo trying to get some kind of plan on the table.”

“So the big question is, will Benjamin Netanyahu agree to this? We shall have to see whether it is his intention at any point to agree to a ceasefire or whether this is just too late now and he will use the opportunity to push on in Gaza,” she added.

Earlier on Monday, US President Donald Trump appeared to cast doubt on peace talks.

“We will only see the return of the remaining hostages when Hamas is confronted and destroyed!!! The sooner this takes place, the better the chances of success will be,” he posted on his Truth Social site.

Egypt’s Foreign Minister Badr Abdelatty said mediators had been “exerting extensive efforts” to revive a US proposal for a 60-day ceasefire, during which hostages would be released and the sides would negotiate a lasting cessation of violence.

Health authorities in Gaza said the Palestinian death toll from 22 months of war has passed 62,000.

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TeraWulf stock jumps more than 10% as Google boosts stake in data center operator

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TeraWulf stock jumps more than 10% as Google boosts stake in data center operator

Thomas Fuller | SOPA Images | Lightrocket | Getty Images

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility.

As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google’s stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company’s stock.

TeraWulf CEO Paul Prager said in a release that the agreement solidifies the company’s “strategic alignment with Google” to help build advanced artificial intelligence infrastructure.

Last week, shares skyrocketed after the company signed two 10-year computing deals with AI cloud provider Fluidstack to offer more than 200 megawatts of capacity at its Lake Mariner data center space in western New York.

Shares of TeraWulf are up about 90% over the last week.

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“This is a game changer in the industry,” Prager told CNBC’s “Power Lunch” last week. “If you have quality energy infrastructure and a management team and folks on the ground that understand how to extract value for it, this is the time, Lake Mariner is the place.”

Monday’s announcement hikes critical IT load to more than 360 MW, with Fluidstack exercising an option for another 160 MW at Lake Mariner. TeraWulf also said the deal equals $6.7 billion in contracted revenue and could reach as much as $16 billion through lease extensions.

Operations are expected to start in the second half of 2026.

“Fluidstack’s decision to expand so soon after our initial agreement speaks volumes about the quality, readiness, and scalability of our infrastructure,” TeraWulf CTO Nazar Khan said in a release.

Separately, TeraWulf also said it will offer $400 million in convertible senior notes due in 2031.

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Terawulf CEO on Google investment: Building one of the largest data center campuses in the U.S.

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