It’s not all sunshine and roses for Elon Musk. After becoming the richest man in the world (now three times richer than Warren Buffet), Tesla’s (TSLA) founder has to deal with a massive recall of its EV’s full self-driving software due to a software bug. The bug, which was introduced on Oct 23 via a software update, caused Teslas to stop for no good reason (not ideal when you’re on the highway). About 12,000 Teslas across all models will be recalled.
This is not the first time that Tesla has had to deal with glitches in its self-driving software. In August, Elon Musk’s company received a dozen reports of crashes by vehicles that were running the Autopilot partially-automated driving system. Back then, the automaker didn’t recall its cars, causing the National Highway Traffic Safety Administration (NHTSA) to open an official investigation. You see, US federal law requires automakers to do a recall if they find out that vehicles have safety defects.
why it matters
The recall does no good to the ongoing investigation into Tesla's Autopilot system. Reports say it involves up to 765,000 vehicles (practically every car that Tesla has sold in the US since 2014). Not to mention the company's stock, which tumbled 3.56% after this latest blowout.