At the request of the National Highway Traffic Safety Administration (NHTSA), Tesla recalled 53,822 vehicles in the United States on February 1, 2022 local time. NHTSA said the cars, which are equipped with Tesla's FSD Beta software, could engage in "rolling stops," posing a safety risk.
After the news of the recall came out, the data showed that as of 8:35 a.m. Eastern Time on February 3, Tesla's stock price fell 2.51% before the market at $882.91 / share.
1
System or defective
According to NHTSA's recall notice, Tesla will recall a total of 53,822 Model S, Model X, Model 3 and Model Y vehicles. The recall documents state that Tesla will disable the "rolling stop" function of the "FSD Autopilot System" through a network software update.
The feature allows Tesla to pass through intersections with Stop Signs at 5.6 miles per hour. NHTSA noted that the vehicle did not stop completely and that the risk of collision could increase when passing through the intersection.
This isn't the first time Tesla's Autopilot system has gone wrong.
On January 18, 2022, Kevin George Aziz Riad, an American Tesla Model S driver, was charged with manslaughter for tesla's L2 assisted driving system. The San Francisco County Transportation Authority (SFCTA) has previously raised concerns about the safety record of Tesla's advanced driver assistance system, saying that Tesla's FSD is only an advanced self-driving assistance system, not a fully autonomous driving system.
Despite frequent safety issues, Tesla's Vehicle Safety Data Report for the fourth quarter of 2021 released on January 15, 2022 shows that in the fourth quarter of 2021, owners using Autopilot had an average of one accident per 4.31 million miles, an increase of 25% year-on-year; without using Autopilot, owners who enabled active safety had an average of one accident per 1.59 million miles, an increase of 20% year-on-year.
2
Software subscription services have become a new growth point for profits
Software subscription services have become a new growth point for Tesla's performance. According to the financial report, in the fourth quarter of 2021, tesla's number of cars equipped with fully autonomous driving systems in the United States increased from 2,000 in the third quarter to nearly 60,000. In the third quarter of 2021, Tesla's services revenue, including FSD, was $894 million, accounting for 6.5% of the quarterly revenue of $13.757 billion.
The relevant person in charge of Tesla said at the conference call that the profit margin of Tesla's software business in the future is very high and will become the focus of future development, and it is predicted that FSD revenue will increase by more than 50% in 2022.
The price of the Tesla FSD is constantly changing as its features are upgraded. According to Western Securities statistics, in 2015, the FSD V7.0 version can realize automatic steering, automatic emergency steering + side impact warning, automatic lane change, automatic parking space, the price is 2500 US dollars / set; in 2018, the FSD V9.0 version to achieve high-speed / intercity road scene automatic driving, the price is 5000 US dollars / set; in 2019, Tesla launched the third generation of Autopilot FSD (Full Self-Driving full automatic driving). Intelligent driving functions including automatic parking, automatic auxiliary lane change, intelligent summoning and so on can be realized, and the owner can free his hands and feet on the highway or loop. Autopilot FSD is used for activation and paid use, with a one-time purchase price of 8,000 US dollars / set, and the domestic price is 64,000 yuan / set.
In 2020, Tesla launched the FSD Beta version, which can achieve full autonomous driving on urban roads, with a price of $10,000 per set. On January 8, 2022, Musk announced that the price of Tesla's fully automated driving system (FSD) in the United States rose to $12,000 on January 17, an increase of $2,000 from the current price. At the same time, Tesla will also increase the monthly price of FSD subscribers, which is currently priced at $199 per month.
At the same time as the price increase, the optional rate of Tesla FSD is constantly improving. Troyteslike data shows that in 2020, FSD has an option rate of more than 60% in Model S/X models and more than 40% in Model Y models. The continuous improvement of FSD selection rate and price has injected impetus into the improvement of gross profit margin of Tesla's automobile business.
Western Securities expects that in 2025, the overall optional rate of Tesla FSD is expected to increase to 50%, and the gross profit contribution to the vehicle is about 30%.
3
More than 817,000 vehicles were recalled
According to the Beijing Daily client, the top car safety regulator in the United States said on February 3 local time that Tesla is conducting safety recalls for more than 817,000 vehicles because of problems with the seat belt tips of the batch of vehicles.
The National Highway Traffic Safety Administration said Tesla recalled the vehicles because the belt tone may not ring when the cars are started and the driver is not fastening their seat belts. According to the recall report, the current seatbelt alert problem has not resulted in any known casualties. Tesla will address the issue remotely wirelessly in February.
The recall is one of the largest in Tesla's history and covers all four models in the company's product line. This is also tesla's second recall in a week.
Article Source:
China Securities News (original title: Tesla has another problem!) More than 50,000 cars were recalled in the United States! The "Rolling Parking" feature will be removed)
Beijing Daily client (original title: Tesla recalled more than 817,000 cars due to seat belt prompt problems
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