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Monthly Journal: Traders' Insights Wanted!
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Tesla ‘recall’ fixed by Software Update makes its way to China

$TSLA.US$ $BYD COMPANY.HK$ $NIO.US$ $XPEV.US$ Tesla will “recall” 1.68 million vehicles built from October 2020 to July 2024 in China, although they will not need physical servicing and will be repaired through an Over-the-Air Software Update that the car will automatically download and apply to remedy the issue.
My Take: This is not the first time a "recall" is ratified by a software update via OTA (over-the-air). The owner may not feel any changes during the update. Unfortunately the Tesla haters will use such a headline (without saying it is software update) to spread FUD about the company and the stock.
It is interesting to note about how Rahul Denghul from x.com described the "recall":
Unfortunately if you look at the definition of the “recall”, a simple software update can be called a recall. Anything that has to change to a product after the customer bought the product is a recall. They should have a different word for the software update only “recall”. MSM is jumping really fast to call it a recall and they make sure that they don’t say in the title that it is just a software update.
Tesla ‘recall’ fixed by Software Update makes its way to China
Tesla ‘recall’ fixed by Software Update makes its way to China
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    I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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