Summary
Tesla, led by Elon Musk, focuses on developing self-driving cars and Robotaxis but faces challenges over its self-driving technology's safety. A recent settlement involved a 2019 accident where a Tesla's self-driving feature was blamed for a fatal crash. The company also faces legal and regulatory issues, including a DMV case about its self-driving claims.
Key Facts
- Tesla plans to focus on self-driving cars and Robotaxis for future growth.
- Elon Musk's financial goals involve selling up to 10 million self-driving subscriptions.
- Tesla recently settled a case related to a 2019 crash where a teen died in a self-driving car accident.
- A Florida jury ordered Tesla to pay $243 million in a self-driving-related fatality case, which Tesla is appealing.
- Tesla's Robotaxis, tested in select U.S. cities, aim to expand widely by year-end.
- The California DMV challenged Tesla for misrepresenting its self-driving capabilities, seeking a temporary ban.
- Tesla's sales and profits have dropped due to increased competition and expiring federal tax credits.
