News
‘Tesla fighters’ Audi e-tron, Jaguar I-PACE, face recalls over fire risk, faulty brakes
The Audi e-tron and the Jaguar I-PACE were recently hit by twin recalls over potential safety concerns. Both companies have opted to proactively issue the safety recalls before reports of any untoward incidents concerning the vehicles emerged from owners.
In the case of the Audi e-tron, water can get into the all-electric SUV’s high-voltage charging port, which could then make its way to the vehicle’s electronics, resulting in a potential battery fire. Audi e-tron owner and ServiceNow director Michael Forson recently noted on Twitter that not all of the electric SUVs are affected by the major electrical fault, but the German manufacturer is nonetheless taking the issue seriously. With this in mind, it would not be surprising if Audi ends up inspecting most, if not all, e-trons that have been delivered to customers thus far.
The Jaguar I-PACE, on the other hand, was recently hit by a recall over the vehicle’s regenerative braking system. According to investigators, the I-PACE’s regen brakes could exhibit an “increased delay” between the point when a driver hits the brakes and when the vehicle actually begins slowing down. Jaguar is recalling all of the I-PACE that it has delivered so far, such as the 3,083 units it has sold in the United States.
While Audi is yet to issue a statement about a potential fix to the e-tron’s major electronic safety issue, Jaguar has announced that it already has a solution to the I-PACE’s braking fault. According to the British carmaker, a software update is expected to address the increased delay in the all-electric crossover’s braking system, though this would not be rolled out through an over-the-air update similar to Tesla. Instead, the software update will be distributed through Jaguar’s dealer network at no cost to I-PACE owners. Jaguar is expected to start implementing the firmware update next month.
Both recalls being faced by Audi and Jaguar for the e-tron and I-PACE involves features that are among the fundamentals of electric vehicles. Charging port protection and regenerative braking systems, after all, are basics that more experienced EV makers such as Tesla, and GM for that matter (thanks to the Volt), have learned and mastered over the years. Ultimately, these recalls all but show that designing and producing electric cars are not as easy as Tesla skeptics might think.
While credit must be given to Audi and Jaguar for recalling the e-tron and the I-PACE even before any untoward incidents happened, it should also be noted that Tesla had exhibited the same proactive reaction in the past. Last year, for example, the electric car maker voluntarily recalled 123,000 Model S built before April 2016 due to excessive corrosion in the aluminum power steering bolts supplied by Bosch. This issue, according to Tesla, could make steering the Model S heavier than usual due to the loss or reduction of power assist steering.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
