Tesla is facing another class action lawsuit, this time alleging the automaker’s electronic door handle design in the Model S can leave occupants trapped during emergencies. Filed last month in California federal court, the complaint claims that 2023 to present Model S vehicles rely too heavily on electrically actuated door latches, creating what the plaintiff describes as a serious safety hazard ...
Tesla is facing another class action lawsuit, this time alleging the automaker’s electronic door handle design in the Model S can leave occupants trapped during emergencies. Filed last month in California federal court, the complaint claims that 2023 to present Model S vehicles rely too heavily on electrically actuated door latches, creating what the plaintiff describes as a serious safety hazard if the vehicle loses low-voltage power in a crash or fire. According to the lawsuit, first reported by Top Class Actions, both the interior and exterior door handles in the Model S depend on electronic actuation. In the event of a collision or battery failure — scenarios the complaint argues are entirely foreseeable — the flush-mounted exterior handles may fail to present, potentially preventing first responders from accessing the cabin. The plaintiff, Robert L. Hyde, alleges that the vehicle is “not reasonably escapable” after an accident that disables its low-voltage system. Hyde is seeking to represent a class of individuals who purchased or leased 2023 and newer Model S vehicles. Unlike traditional mechanical door releases, the rear doors in the Model S use a manual cable release hidden beneath carpeting under the rear seats, the lawsuit claims. The complaint argues that this mechanism is not easily discoverable, particularly during the chaos and disorientation that can follow a serious crash. Hyde further contends that the manual release process is “tedious” and may be especially difficult for children, elderly passengers, or those with disabilities to operate in a life-threatening situation. Hyde, who purchased his Model S in February 2023, claims he suffered economic harm because the vehicle’s alleged safety risks reduce its value. The complaint includes claims of fraudulent concealment and violations of California consumer protection laws, and seeks damages as well as injunctive relief. The new lawsuit arrives amid increased regulatory and legal scrutiny over flush-...
Indian equities tumbled on Monday, tracking declines across most Asian peers, as escalating conflict in the Middle East dented investor sentiment. The NSE Nifty 50 Index slipped as much as 2.1% — the most in more than a month — erasing gains made after the country’s trade deal with the US in February. Engineering major Larsen & Toubro Ltd. , Reliance Industries Ltd. and carrier InterGlobe Aviation...
Indian equities tumbled on Monday, tracking declines across most Asian peers, as escalating conflict in the Middle East dented investor sentiment. The NSE Nifty 50 Index slipped as much as 2.1% — the most in more than a month — erasing gains made after the country’s trade deal with the US in February. Engineering major Larsen & Toubro Ltd. , Reliance Industries Ltd. and carrier InterGlobe Aviation Ltd. led the losses in the benchmark gauge. “Middle east escalation draws rising oil risk for Indian markets,” JM Financial Ltd. strategists including Venkatesh Balasubramaniam wrote in a note, citing likely pressure on shares of oil marketing companies, paints, aviation and chemicals as they may face margin pressure from higher input costs. Given India’s dependence on imports for most of its energy needs, rising oil prices can significantly widen the trade deficit and weigh on the rupee and equities. A $1 increase in crude prices raises India’s annual import bill by about $2 billion, putting pressure on the trade balance, the JM Financial strategists said. The Middle East conflict is the latest setback for India’s $5.1 trillion equity market , which has lagged most major peers since late 2024, partly due to weaker earnings growth. Lower exposure to artificial intelligence-related stocks, compared with markets such as China, South Korea and Taiwan, also contributed to the underperformance. While local stocks saw some gains following India’s much-awaited trade agreement with the US on Feb. 2, a relentless selloff in information technology shares has continued to weigh on investor sentiment. “Impact on India is typically magnified as higher crude oil prices widen the current account deficit, stoke domestic inflation, pressure the rupee,” said Nachiketa Sawrikar , a fund Manager with Artha Bharat Global Multiplier Fund. This could also lead to foreign outflows as “global investors reduce risk exposure.”
Mukesh Sahdev, founder, CEO, and chief oil analyst at XAnalysts, says the Middle East conflict is effectively over and that oil prices are unlikely to rise above $100 per barrel, as a Strait of Hormuz shutdown is not expected. He notes that the market remains well supplied and expects crude to eventually settle in the $60–$70 range. (Source: Bloomberg)
Mukesh Sahdev, founder, CEO, and chief oil analyst at XAnalysts, says the Middle East conflict is effectively over and that oil prices are unlikely to rise above $100 per barrel, as a Strait of Hormuz shutdown is not expected. He notes that the market remains well supplied and expects crude to eventually settle in the $60–$70 range. (Source: Bloomberg)
The Hang Seng Tech Index has slipped beneath a crucial support line that suggests more selloffs ahead given geopolitical tensions and lingering earnings worries. The gauge that tracks China’s biggest technology companies is down 25% from an October high, and has fallen below the neckline of a classic head-and-shoulders technical trading pattern — widely regarded as a warning of further drops. Once...
The Hang Seng Tech Index has slipped beneath a crucial support line that suggests more selloffs ahead given geopolitical tensions and lingering earnings worries. The gauge that tracks China’s biggest technology companies is down 25% from an October high, and has fallen below the neckline of a classic head-and-shoulders technical trading pattern — widely regarded as a warning of further drops. Once the neckline is breached, it implies that sellers have gained the upper hand, raising the risk of further declines. Declines in the Chinese tech-stock benchmark have accelerated in recent weeks as worries over those companies’ profitability increased due to heavy spending and fierce competition among the country’s AI app developers. Quarterly results from JD.com Inc. and Bilibili Inc. due Thursday will test sentiment. Monday’s drop also briefly took the index below the closely watched 5,000 level. Earlier, Chinese Tech Shares Cap Worst Month Since 2024 on Earnings Fears
Bloomberg's Minmin Low explains the reasons for China's opposition to US and Israeli strikes on Iran, and lays out how recent events may affect the upcoming summit between Xi Jinping and Donald Trump. (Source: Bloomberg)
Bloomberg's Minmin Low explains the reasons for China's opposition to US and Israeli strikes on Iran, and lays out how recent events may affect the upcoming summit between Xi Jinping and Donald Trump. (Source: Bloomberg)