Tesla has to pay historic $243M judgement over Autopilot crash, judge says
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Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#2Tesla Apologists: The judge/jury agreed that Tesla was "Full Self Driving" all the way to the scene of the crash.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#3This will continually be appealed until it’s reduced.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#4This will continually be appealed until it’s reduced.
This was the appeal.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#5Tesla would benefit from the board replacing the CEO. It's increasingly clear that there is a problem and it's not talent, it's decision-making.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#6Tesla would benefit from the board replacing the CEO. It's increasingly clear that there is a problem and it's not talent, it's decision-making.
Their stock would crash to $10 without the hype machine
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#7This case will make settlement amounts higher, which is the main thing car companies care about when making decisions about driving features/marketing.
With Robotaxi it will get even higher as it will be clear 100% the company's fault.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#8This will continually be appealed until it’s reduced.
They claim have a pretrial agreement to reduce it to 3x compensatory damages (which would make the total judgemnet 160 million instead of 243 million).
Appealing is expensive because they have to post a bond with 100% collateral, and you pay for it yearly. In this case, probably around 8 million a year.
So in general its not worth appealing for 5 years unless they think they will knock off 25-30% of the judgement.
Here it's the first case of it's kind so i'm sure they will appeal, but if they lose those appeals, most companies that aren't insane would cut their losses instead of trying to fight everything.
Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#9Re: Tesla has to pay historic $243M judgement over Autopilot crash, judge says
#10I'm not clear on what Tesla is doing these days. They've been left in the dust on autonomous driving, they've failed to update their successful car models, and their only new model was a spectacular failure.