Nvidia Is Now Part of $3 Trillion Market Cap Club

Nvidia has become the third company ever to have a market cap greater than $3 trillion. And now, Nvidia is pivoting to the next AI frontier it plans to conquer. This recent move is valued at $1 trillion... at least. A small handful of Nvidia's other partners could see their own stocks benefit from it.

Tesla Recalls More Than 11,000 Cybertrucks Over Applique Detachment Risk And Nearly 12,000 For Windshield Wiper Flaw

Anan Ashraf
June 25, 2024

EV giant Tesla Inc. (NASDAQ:TSLA) is recalling over 11,000 Cybertrucks over concerns that its sail applique may come loose or detach from the vehicle while it is moving and nearly 12,000 Cybertrucks over concerns that their windshield wiper might stop working.

What Happened: The cosmetic applique along the exterior of the trunk bed trim is known as the sail applique and it is affixed onto the Cybertruck with adhesive. This sail applique may separate from the vehicle while it is driving, thereby posing a risk of injury and collision for other motorists on the road, U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) said.

As for a solution, the company will replace or rework the sail applique while ensuring that it meets specifications.

Tesla is also recalling 11,688 Cybertrucks over concerns that its front windshield wiper may stop working owing to failure of the wiper motors, a separate notice from the NHTSA said. A non-functioning windshield may hinder visibility and increase the risk of collision, the company said in a filing with the NHTSA, while adding that it will replace the windshield wiper motors with a new one to remedy the issue.

The company said that it is not aware of any collisions, injuries, or deaths owing to either of the two issues. The Cybertrucks at delivery centers or in transit to delivery centers will receive the fix before being delivered to customers, it added.

What Happened: In April, Tesla recalled 3,878 Cybertrucks due to concerns of unintentional acceleration owing to the accelerator pedal pad on the affected vehicles dislodging and becoming trapped by the interior trim above the pedal. The company offered a free physical repair of the accelerator pedal assembly to resolve the issue.

The Cybertruck was also part of the nearly 2.2 million Tesla vehicles recalled in February due to concerns about a smaller font size for warning lights, compromising the visibility of crucial safety information.

Tesla started delivering the Cybertruck to customers in late November. It is unclear as to how many of the vehicles have been delivered thus far as Tesla does not provide a Model-wise split in its delivery report.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More: XPeng CEO Says Tesla’s FSD Works Well In Silicon Valley: ‘2025 Will Be The ChatGPT Moment Of Fully Self-Driving!’

Photo via Shutterstock

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