👉 Background: Elon Musk has always had ambitions for more than just an electric car—he wants it to be fully self-driving. In fact, back in 2015, Elon Musk declared that Tesla could produce a fully self-driving car within a two to three-year time frame.

👉 What happened: While fully self-driving cars haven't quite eventuated, there have been 35 incidents in the US where self-driving cars have led to issues since 2016. And and at least 17 people have been killed.

👉 What else: Now, Tesla will be 'recalling' 2 million cars to fix a problem with its Autopilot safety system. But thankfully for Tesla, this 'recall' doesn't require 2 million drivers to go into a Tesla repair centre. Instead, they'll be sending out a software update in an attempt to fix the problem.

What's the key learning?

💡Modern vehicles are almost more computer than car these days. With older model cars, a product recall would mean physically repairing each and every car.

💡For example, Ford had to recall three million cars in 2021 that had issues with their air bags. It cost Ford more than $610 million USD to physically repair these cars. But for Tesla, a recall just means sending an update Over The Air (OTA).

💡It's expected that OTA updates will save car makers more than $1.5 billion by 2028 in the US alone. And while Tesla still hasn't nailed its self-driving ability, at least it doesn't cost them for each recall.