FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Shares of Tesla stock rallied Monday, April 29, 2024, after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software.
The agency asked for volumes of information about how Tesla developed the fix, and zeroed in on how the company used human behavior to test the recall effectiveness. Tesla is in the process of laying off about 10% of its workforce, about 14,000 people, in an effort to cut costs to deal with falling global sales. CEO Elon Musk is telling Wall Street that the company is more of an artificial intelligence and robotics firm rather than an automaker.
It also said that Tesla has stated that owners can decide whether they want to opt in to parts of the recall remedy, and that it allows drivers to reverse parts of it.
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