My take on the VO2 Max readings:
Must use the RUN app on the watch and run for a minimum of 20 minutes, not a 3rd party like Nike Run or Strava. Cycling will not work it must be a run.
You must also go pretty much balls out, after all it is a VO2 MAX reading, you can’t really go for a slow run & expect a max reading.
For everyone having an issue, please try the above and report back.
Thanks