Tesla Wins Another Legal Battle As Chinese Court Dismisses Faulty Model Y Claims In 2022 Crash
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) has won a lawsuit in China against a social media influencer who claimed a 2022 crash was due to a faulty Model Y. The court found no defects in the vehicle's steering or braking system and ordered the influencer to issue a public apology and pay Tesla $4,100 for defamation. This follows another recent victory for Tesla in a fatal crash case in California, boosting the credibility of its driver-assistance technology.

November 01, 2023 | 9:55 am
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Tesla's legal victory in China over faulty Model Y claims boosts the credibility of its driver-assistance technology.
The court's ruling absolving Tesla of blame in the accident boosts the credibility of its vehicles and driver-assistance technology. This could positively impact investor sentiment and Tesla's stock price in the short term.
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