Tesla rejected $60 million settlement before losing $243 million Autopilot verdict
Tesla rejected a $60 million settlement and was found grossly negligent in Autopilot design, facing $243 million in damages including $200 million punitive, marking a major industry precedent.
- Tesla Inc. rejected a $60 million settlement proposal on May 30 before a Miami federal court jury ordered it to pay $243 million in damages this month.
- Plaintiffs say the lawsuit filed in 2021 centers on a Model S with Autopilot that struck two people, killing Naibel Benavides Leon and seriously injuring Dillon Angulo.
- The verdict allocates $129 million in compensatory damages and $200 million in punitive damages, assigning Tesla 33 per cent of compensatory liability—$42.6 million—and all punitive damages.
- Tesla said it will appeal, arguing trial errors and driver responsibility, while analysts warn the $243 million verdict could strain Tesla's finances and reputational narrative, affecting investors and R&D budgets.
- Industry analysts say the ruling could prompt regulators and advanced driver-assistance system developers to re-evaluate marketing, warnings, and testing, as plaintiffs' lawyers note it's the first third-party wrongful-death verdict involving Autopilot.
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Tesla's bullying cost the shareholders an extra $183 million
Not settling for $60 million, pushing for a lower amount, and insisting on confidentiality resulted in Tesla publicly incurring a $243 million loss in an Autopilot lawsuit. The proposal stemmed from a lawsuit filed by the families of the victims in a 2019 crash in which a Tesla Model S driver using Autopilot crashed into a parked vehicle, killing a woman and seriously injuring her boyfriend. — Read the rest The post Tesla's bullying cost the sh…
Elon Musk's Tesla Could Have Paid $60 Million Over Fatal 2019 Autopilot Crash, Instead It Must Now Pay $243 Million - Tesla (NASDAQ:TSLA)
Tesla rejected a $60 million settlement offer before a Miami federal jury awarded $243 million in damages over a fatal 2019 Autopilot crash.
Tesla rejected $60 million settlement before losing $243 million Autopilot verdict
Billionaire Elon Musk’s electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case.
Tesla Rejected $60 Million Florida Crash Settlement Before Being Ordered to Pay $242.6 Million, Court Filing Shows
Tesla rejected a $60 million settlement offer for a wrongful death and injury case involving the company's autopilot feature before ultimately being ordered to pay $242.6 million in the case,...
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