A Florida jury ordered Tesla to pay $243 million for the fatal Autopilot Elon Musk's electric vehicle company may face additional legal action after a Florida jury on Friday found Tesla (TSLA.O), opens new tab, liable to pay $243 million to victims of a fatal crash in 2019 involving a Model S equipped with Autopilot. For victims of Autopilot-related accidents, the verdict is an uncommon victory. Based on a more sophisticated version of its driver assistance software, Musk has been pushing for a quick expansion of Tesla's recently launched robotaxi business. Tesla's stock is down 25% so far this year after dropping 1.8% on Friday. According to a verdict sheet, jurors in a federal court in Miami granted the estate of Naibel Benavides Leon and her ex-boyfriend Dillon Angulo $129 million in compensatory damages and $200 million in punitive damages . 33% of the compensatory damages, or $42.6 million, were attributed to Tesla. Although George McGee, ...
On Sunday, a framework trade deal was struck between the United States and the European Union, including a 15% import tariff on most of the EU goods. This tariff could have evolved into a confrontation between two allies that represent nearly a third of global trade. The announcement came after European Commission President Ursula von der Leyen flew in to meet with U.S. President Trump at his golf course in western Scotland to finalize the hard-fought deal. "I think this is the biggest deal ever made," Trump said to reporters after the meeting lasted for an hour with von der Leyen, who stated that the 15% tariff was imposed "across the board." "We have a trade deal between the two largest economies in the world, and it's a big deal. It's a huge deal. It will bring stability. It will bring predictability," she said. Hence, this deal will definitely bring some much-needed clarity for EU companies, along with $600 billion in investment by the EU int...