Autonomous Vehicle News
Elon Musk is facing yet another lawsuit as shareholders of Tesla accuse the chief executive and his company of overstating the effectiveness and safety of their electric vehicles’ autopilot and full self-driving technologies. The share price also fell 5.7% on 16 February 2023 after NHTSA forced a recall of more than 362,000 Tesla vehicles equipped with full self-driving beta software because they could be unsafe around intersections. The suit, which is led by shareholder Thomas Lamontagne seeks unspecified damages for Tesla shareholders from 19 February 2019 to 17 February 2023. In another lawsuit continuing this week, shareholders claim they received “misleading” information that led them to approve an exorbitant pay package for the billionaire. As these suits continue, Musk is expected at Tesla’s 1 March investor day to promote the company’s artificial intelligence capability and plans to expand its vehicle lineup.