Elon Musk engrossed in Twitter when disaster hit Tesla: Recalling 80,000 cars in China because of errors

The American electric vehicle company has begun recalling 67,698 Tesla Model S and Model X vehicles, manufactured from September 25, 2013 to November 21, 2020 because of software errors. This bug affects the battery management system of the cars. Tesla will update the software to patch the bug.

Earlier, Elon Musk’s company also recalled 2,736 Model 3 models, manufactured from January 12, 2019 to November 22, 2019, and 10,127 Tesla models manufactured in China because of risks with seat belts. whole.

Currently, Tesla has not officially responded to the incident.

Meanwhile, investors are closely monitoring the developments of the case. Tesla is currently facing many ups and downs as sales decline and events follow.

Bill Russo, CEO of Shanghai-based Automobility, said: “Recalling vehicles is expensive and often damaging in terms of reputation, especially in an increasingly competitive market. and Tesla’s position is also going down.”

China is one of Tesla’s most important markets. The company currently has a factory in Shanghai and has sold a large number of cars made in the country in recent months. However, Tesla is facing increasing competition from domestic electric vehicle companies such as Xpeng, Nio and Li Auto. These businesses are expected to bring more products to market by 2023 and challenge the US electric vehicle maker’s position on its own turf.

Meanwhile, Elon Musk’s focus is still on Twitter, the social network that Elon Musk just bought a few weeks ago. A series of landmark changes are being made and with it many scandals that the world’s richest man must solve.

Reference: CNBC