A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company's Autopilot driver assistance system. The jury awarded the plaintiffs $200 million in punitive damages, along with “compensatory damages for pain and suffering,” according to NBC News.
Lawyers for the family of a woman struck and killed by a Tesla sedan in 2019 argued that the company's Autopilot software should have avoided the crash.
Some investment views seem too far-fetched until they become a reality, which is the true nature of the stock market. Investors don't get paid for physical effort but rather for thinking in the right direction, and that abstract aspect of the financial markets has now shown itself in a recent combination within the United States' technology sector.
Tesla's new car sales in Spain rose 27% in July from the same month in 2024 to 702 vehicles, registration data released by industry group ANFAC showed on Friday, while sales of electrified cars as a whole skyrocketed, with a 155% rise.
Tesla faces a pivotal verdict in a personal injury trial over a fatal Autopilot crash that took place in Florida in 2019. On Thursday, plaintiffs' attorneys asked the jury to award damages of around $345 million, including $109 million in compensatory damages and $236 million in punitive damages.
New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday.
Tesla Inc. is offering ride-hailing services in the San Francisco Bay Area, the birthplace of ride-sharing and where the EV maker has plenty of competition from services with drivers at the wheel as well as from self-driving cars.
Tesla's ride-hailing service in San Francisco is up and running, according to Elon Musk. BI previously reported that Tesla's robotaxi service would launch in California with safety drivers.
Tesla CEO Elon Musk said on Thursday the company has launched its ride-hailing service in San Francisco's Bay Area, but did not clarify whether it uses self-driving vehicles.
Tesla is looking to diversify its battery supply away from China.
Samsung's troubled foundry business gets a shot in the arm. Despite the post-announcement move, the market isn't as bullish as it could be. The fundamental case looks a lot more compelling for Samsung here.
South Korean battery maker LG Energy Solution has signed a $4.3 billion contract to supply lithium iron phosphate batteries to Tesla , a person familiar with the matter told Reuters.