Tesla forced to recall almost all vehicles it's sold in the US

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Tesla is recalling over 2 million vehicles in the United States, almost every single vehicle it has ever sold. The recall includes all models Y, S, 3, and X, produced between October 5, 2012, and December 7 of this year due to a flaw in Autopilot's driver engagement monitoring system. This action follows a two-year investigation by the National Highway Traffic Safety Administration into accidents, some fatal, involving the semi-autonomous Autopilot feature. Tesla plans to issue a software update to address the issue, as identified by U.S. road safety authorities. The probe highlighted potential inadequacies in the Autopilot's driver monitoring mechanism, raising concerns about its possible misuse.

2. Oracle's recent fiscal second-quarter earnings report showed a slight revenue miss, resulting in a 9% drop in its stock. The company reported revenue of $12.94 billion, up from $12.28 billion the previous year, but fell short of the $13.05 billion analysts expected. Despite this, Oracle experienced an overall 5% revenue growth. For the current quarter, Oracle forecasts a revenue increase of 6% to 8%, boosted by its Cerner business, aligning with analysts' expectations of approximately $13.3 billion, indicating a growth rate around 7.5%.

3. Elevate Your Business with AE Studio's Elite AI Team for 80% Less. Leverage Harvard, Princeton, and Stanford AI experts for tailored, cost-effective AI and software solutions. Book a free consultation today to transform your business with world-class AI solutions.*

4. Headlines

   1. Cybertruck could be banned in Europe due to its steel body failing to comply with safety regulations.

   2. Mortgage refinance demand was up 19% week over week as rates fell.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill

Sponsored by