TSYY offers a massive 140% annualized yield via synthetic option writing on leveraged Tesla ETFs, but this income is unsustainable and erodes capital. The fund's share price has declined over 63% since inception, with total returns still negative even after factoring in distributions. TSYY's high risk, capped upside, and lack of downside protection make it suitable only for aggressive income-seeking investors comfortable with capital loss.
A jury has ruled that Tesla is partly to blame for the death of a young woman who was hit by an electric car on Autopilot.
A fatal collision in 2019 occurred when a Tesla driver had Autopilot mode engaged.
The automaker was found partly liable over its driver-assistance software in a deadly 2019 collision.
The decision ends a four-year long case remarkable not just in its outcome but that it even made it to trial.
A jury in Florida determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash. The company must pay $329 million in damages to victims and survivor, including compensatory and punitive damages.
A jury found Tesla partially liable for a fatal 2019 crash involving driver-assistance technology in Key Largo, Florida, and slapped the company with $200 million in punitive damages, the Washington Post reported on Friday.
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.