Elon Musk Says Autopilot Would 'Almost Certainly Have' Saved Driver In 2019 Model 3 Crash After Tesla Prevails In Court
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has been cleared in a court case alleging that its Autopilot system was responsible for a fatal Model 3 crash in Los Angeles in 2019. The jury concluded that the vehicle did not have a manufacturing defect. This is the first U.S. trial to allege that Tesla’s autopilot feature led to a death. The company is facing other probes regarding its autopilot capabilities from the National Highway Traffic Safety Administration and the U.S. Department of Justice.
November 01, 2023 | 4:35 am
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POSITIVE IMPACT
Tesla's victory in court over allegations of Autopilot causing a fatal crash could boost investor confidence in the company's technology and potentially its stock in the short term.
The court's decision could be seen as a validation of Tesla's Autopilot technology, potentially boosting investor confidence in the company. However, ongoing probes into the Autopilot system by the NHTSA and the Department of Justice could still pose risks.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100