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Tesla to Pay $243M After Jury Finds It Partly Liable for Fatal Autopilot Crash
CNET· 2025-08-02 00:06
Group 1 - The article discusses the importance of services and software in enhancing user experience and productivity [1] - It highlights various tips and news related to optimizing the use of everyday services and applications [1] Group 2 - The focus is on how companies can leverage software solutions to improve operational efficiency [1] - There is an emphasis on the evolving landscape of service offerings in the tech industry [1]
Elon Musk's Tesla ordered to pay $329M in deadly Autopilot crash case: ‘This will open the floodgates'
New York Post· 2025-08-01 18:48
Core Viewpoint - A Miami jury found Tesla partially responsible for a fatal crash involving its Autopilot technology, ordering the company to pay over $200 million in punitive damages to the victims [1]. Group 1: Legal Outcome - The jury determined that Tesla's technology failed, attributing significant responsibility to the company rather than solely to the distracted driver [1]. - This verdict concludes a four-year legal battle, which is notable as many similar cases against Tesla have either been dismissed or settled out of court [4][11]. - The case included allegations that Tesla concealed or lost critical evidence, which was later uncovered by a forensic data expert [5][7]. Group 2: Company Response - Tesla's legal team criticized the verdict, claiming it undermines automotive safety and jeopardizes the development of life-saving technology, and announced plans to appeal the decision [8][15]. - The company has faced scrutiny for its handling of data in previous crash cases, which it has denied [6]. Group 3: Public Perception and Trust - The verdict raises questions about Tesla's reputation for safety, especially as the company aims to promote its vehicles as safe for autonomous driving [2][9]. - The plaintiffs argued that Tesla's use of the term "Autopilot" misleads consumers about the capabilities of the technology, which does not equate to full self-driving [10][12]. - The case highlighted concerns about Tesla allowing drivers to misuse the Autopilot system, particularly on roads for which it was not designed [14].
Tesla must pay $329 million in damages after fatal Autopilot crash, jury says
CNBC· 2025-08-01 18:31
Core Viewpoint - A jury in Miami has found Tesla partly liable for a fatal crash involving its Autopilot system, resulting in a compensation order of $329 million to the victims' family and an injured survivor [1][6]. Group 1: Legal Proceedings - The lawsuit focused on the responsibility for a deadly crash that occurred in Key Largo, Florida, involving a Tesla Model S driven by George McGee using Enhanced Autopilot [2]. - The trial began on July 14 in the Southern District of Florida, with the plaintiffs initially seeking around $345 million in damages [1]. Group 2: Incident Details - During the incident, McGee dropped his mobile phone and believed that the Enhanced Autopilot would automatically brake for obstacles, but the vehicle accelerated through an intersection at over 60 miles per hour, colliding with a parked car and its owners [3]. - Naibel Benavides, a 22-year-old, died at the scene, while her boyfriend, Dillon Angulo, survived but sustained severe injuries including multiple broken bones and a traumatic brain injury [4]. Group 3: Tesla's Autopilot System - The plaintiffs' attorney criticized Tesla for designing the Autopilot system for controlled access highways but allowing its use in other environments, claiming that Tesla's misleading statements about the system's capabilities endangered lives [5]. - The verdict comes at a time when Tesla's CEO, Elon Musk, is attempting to position the company as a leader in autonomous vehicles, despite concerns about the safety of its self-driving technology [6]. Group 4: Market Reaction - Following the verdict, Tesla's shares fell by 1.5%, contributing to a 25% decline for the year, marking the largest drop among major tech companies [6].
Tesla found partly to blame in trial over deadly Autopilot crash
Business Insider· 2025-08-01 18:25
Core Points - A Florida federal jury found Tesla partly responsible for a 2019 crash that resulted in a fatality and serious injuries, awarding $329 million in damages to the victims' family [1][2] - The case highlights concerns regarding Tesla's Autopilot feature, which the plaintiffs argued was engaged during the incident and had design flaws [2][3] - The lawsuit claimed that Tesla's vehicles were "defective and unsafe" and that the company misrepresented the capabilities of Autopilot, despite being aware of its deficiencies [3][4] Summary by Sections Incident Details - The crash involved a Tesla Model S that, while on Autopilot, failed to stop at a stop sign and collided with another vehicle at over 60 miles per hour [4] - The driver of the Tesla, George McGee, testified that he was distracted by his cellphone and believed Autopilot would assist him, but felt it failed to warn him or apply brakes [9][10] Legal Proceedings - The trial lasted three weeks and included testimonies from the victims' family and the Tesla driver [2] - Tesla's attorneys argued that the driver was solely responsible for the crash, emphasizing that it was a case of driver distraction rather than a defect in the vehicle [11] Autopilot Feature - Tesla's Autopilot is marketed as a driver-assistance feature that requires full driver attention and readiness to take control at any moment [12]
Tesla partly liable in Florida Autopilot trial, jury awards $200M punitive damages
TechCrunch· 2025-08-01 18:24
Core Points - A jury in Miami found Tesla partly responsible for a fatal crash involving its Autopilot system, awarding $200 million in punitive damages to the plaintiffs [1][2] - The driver was assigned two-thirds of the blame for the incident, while Tesla was attributed one-third of the fault [2] - This verdict marks one of the first significant legal decisions against Tesla regarding driver assistance technology [2] Summary by Sections Legal Findings - The jury's decision comes after a three-week trial concerning a crash that resulted in the death of 20-year-old Naibel Benavides Leon and severe injuries to her boyfriend [2] - The crash occurred when neither the driver nor the Autopilot system braked in time, leading to a collision with an SUV and the death of a pedestrian [2] Financial Implications - The awarded damages include $200 million in punitive damages, alongside compensatory damages for pain and suffering [1]
Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida
CNBC· 2025-08-01 00:21
A Tesla vehicle passes the Wilkie D. Ferguson Jr. U.S. Courthouse as jury selection began in connection with allegations regarding the safety of Tesla's autopilot system on July 14, 2025 in Miami, Florida. Tesla is facing a crucial verdict in a personal injury trial over a fatal Autopilot crash in 2019, the first time Elon Musk's automaker has been in front of a jury on such a matter in federal court. Attorneys for the plaintiffs on Thursday asked the jury to award damages of around $345 million. That inclu ...
Tesla's 'ride-hailing' service is now live in San Francisco, Elon Musk says
Business Insider· 2025-07-31 08:48
Core Insights - Tesla has launched its ride-hailing service in the San Francisco Bay Area, but it is not being referred to as a robotaxi [1][2] - The service is invite-only and will initially operate with safety drivers behind the wheel, utilizing Tesla's Full Self-Driving technology [2][3] - Tesla has not yet applied for permits to test fully driverless taxis in California, although it holds a transportation charter permit for non-autonomous vehicles [8] Group 1 - Tesla's ride-hailing service is now available in the Bay Area and Austin, as confirmed by CEO Elon Musk [1] - The service's operating area includes the Bay Area, Fremont, and central San Jose, with invitations being sent out [1] - The company is charging for rides, and safety drivers are confirmed to be present during the initial phase of the service [3] Group 2 - California has strict regulations for autonomous taxi services, which differ from the less stringent rules in Texas [3] - Musk has ambitious goals for the robotaxi service, aiming for availability to about half of the US population by the end of the year [9] - Tesla has not yet sought the necessary permits for fully driverless taxis in California, according to the California DMV [8]
2 Monster Growth Stocks to Sell Before They Fall 56% and 64% in 2025, According to Wall Street Analysts
The Motley Fool· 2025-07-31 08:02
Some Wall Street analysts anticipate substantial losses for shareholders of Circle Internet Group and Tesla. Circle Internet Group (CRCL 4.88%) shares have advanced 120% since the company held its initial public offering in June, and Tesla (TSLA -0.80%) shares have climbed 160% since the beginning of 2023. However, JPMorgan Chase analysts expect the monster growth stocks to declined sharply in the remaining months of the year. Importantly, most Wall Street analysts are less bearish, but very few expect mate ...
Tesla Battery Pivot Sparks ETF Rotation: America In, China Out?
Benzinga· 2025-07-30 16:10
Core Viewpoint - Tesla Inc. has entered a $4.3 billion battery agreement with LG Energy Solution, signaling a shift towards domestic battery production in the U.S. and reducing reliance on Chinese battery manufacturers [1] Group 1: Impact on ETFs - The new agreement is expected to enhance investor optimism regarding U.S.-focused clean energy and manufacturing ETFs, benefiting from the "Made in America" supply chains [2] - ETFs like iShares U.S. Clean Energy ETF (ICLN) may see inflows due to their exposure to companies benefiting from the Inflation Reduction Act [3] - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) could also benefit as Tesla's domestic battery production increases, positively impacting related sectors [3] Group 2: International Clean Tech ETFs - South Korean-based LGES is a key player in the clean tech space, and ETFs with international clean tech holdings may gain from the rising profile of South Korean battery manufacturers [4] - KraneShares Electric Vehicles and Future Mobility ETF (KARS) has high exposure to global EV technology and could benefit as LGES gains prominence [4] Group 3: Challenges for China-Focused ETFs - ETFs that previously relied on China's battery leadership may face challenges as Tesla's strategy diverts investment towards non-Chinese suppliers [5] - KraneShares MSCI China Clean Technology Index ETF (KGRN) may experience subdued gains or volatility due to reduced exposure to Chinese battery output [6] Group 4: Strategic Motivations Behind the Shift - Tesla's move is driven by a desire to mitigate trade risks and leverage favorable domestic policies, such as tax credits from the Inflation Reduction Act [7] - By reducing reliance on Chinese suppliers, Tesla avoids potential tariffs and trade uncertainties, prompting a possible rebalancing in investor portfolios [8] - This shift indicates a trend towards more balanced global EV supply chains, suggesting a solid investment thesis for ETFs reflecting this larger trend [9] Group 5: Conclusion - The evolving landscape of geopolitics, policy incentives, and supply chain strategies necessitates a reevaluation of ETF holdings, with Tesla's actions serving as a catalyst for change in fund management strategies [10]
Pushed To The Brink, Tesla Is Gambling On A Make-Or-Break Reboot
Benzinga· 2025-07-30 15:17
At the center of Tesla's comeback plan is a trio of high-risk, high-reward bets: a Robotaxi rollout in Texas, the introduction of an approximately $25,000 EV aimed at mass affordability, and deeper integration of AI features through its xAI arm. Adding muscle to the plan is a $16.5 billion chip deal with Samsung—intended to supercharge Tesla's autonomous ambitions. Tesla Inc. TSLA has been riding through a rough patch. Between Elon Musk's growing list of distractions, intensifying Chinese EV competition, a ...