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Tesla’s stock has fallen more than 33 per cent this year as Elon Musk’s flagship company struggles to meet investor expectations for vehicle sales. Andrew Chang explores how much of this underperformance is related to the broader EV market and how much is related to the company itself.
Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday.
The settlement was made on the eve of the trial over the high-profile accident involving Tesla’s driver-assistant technology. Tesla faces a series of lawsuits over crashes related to the alleged use of Autopilot, putting the automaker at risk of large monetary judgments and reputational damage.
The settlement, the terms of which were not disclosed, came as Chief Executive Elon Musk is making major promotions of self-driving technology, which …
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