Tesla Is Heading To Trial Over Two Deaths Involving Autopilot
Portfolio Pulse from AJ Fabino
Tesla Inc (NASDAQ:TSLA) is preparing for two courtroom trials over fatalities involving its Autopilot system. The trials will scrutinize the safety of Tesla’s Autopilot technology and CEO Elon Musk’s role in its development and marketing. Tesla’s Autopilot system has been implicated in 736 accidents and 17 fatalities in the U.S. since 2019. The National Highway Traffic Safety Administration (NHTSA) has initiated investigations into several accidents. Tesla's shares are trading 0.28% lower.
August 28, 2023 | 7:11 pm
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Tesla is facing legal scrutiny over its Autopilot system, which could potentially impact its reputation and stock price.
The upcoming trials could potentially harm Tesla's reputation, especially if the company is found to be at fault. This could lead to a decrease in consumer trust and a potential drop in sales, which would negatively impact the company's stock price.
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