Tesla’s critical court victory for Full Self-Driving: This week in EVs
Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla wins autopilot court battle; BP Pulse makes $100M deal; and China EVs report October delivery numbers.
As always, InvestingPro users got these headlines at lightning speed. Never miss another opportunity to secure an edge for your portfolio.
On Tuesday, Tesla Inc (NASDAQ:TSLA) celebrated a pivotal victory: its first win in a U.S. trial concerning accusations that its Autopilot feature caused a fatal accident. Amid numerous ongoing legal battles, this win bears immense significance for the company.
The lawsuit alleged that the Autopilot system led to a fatal crash involving Micah Lee's Model 3, which veered off a Los Angeles highway, accelerating to 65 miles per hour before colliding with a palm tree and catching fire.
Following four days of deliberation, the 12-member jury, voting 9-3, concluded that no manufacturing defect was evident in the vehicle. This verdict follows Tesla's earlier triumph in a Los Angeles trial regarding a non-fatal accident, in which the company successfully emphasized its warnings about the need for human supervision despite the suggestive names «Autopilot» and «Full Self-Driving.»
Jurors who spoke of the verdict after the trial stated that the automaker provided adequate warnings about the system and attributed the accident to distracted driving.
Shares of TSLA ended trading Friday at $219.96, up 6.1% for the week.
The electric vehicle market in China is witnessing a flurry of activity as industry players announce their delivery results for the month of October.
Tesla, though facing a 2.6% month-on-month drop in October deliveries of its China-made electric vehicles, remains
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