British Tesla Owner Wins $10K Settlement From EV Giant Over Undelivered Full Self-Driving Features
Portfolio Pulse from Benzinga Neuro
A UK-based Tesla owner has won a $10,000 settlement from Tesla Inc. after the company failed to deliver its full self-driving (FSD) features as promised. The owner, Edward Butler, took Tesla to court citing a violation of the Consumer Rights Act of 2015. While this settlement does not establish a legal precedent, it suggests a strong case against Tesla for breaching UK advertising laws.
November 08, 2023 | 11:32 am
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NEGATIVE IMPACT
Tesla's failure to deliver promised features and the subsequent legal settlement could potentially harm the company's reputation and investor confidence.
The news of the legal settlement over Tesla's failure to deliver promised features could potentially harm the company's reputation. This, in turn, could lead to a decrease in investor confidence and negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100