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Tesla argues that the over $242M verdict in deadly Autopilot trial 'flies in the face' of the law and 'common sense'

1. Tesla challenges a $242 million verdict linked to a deadly Autopilot crash. 2. A jury found Tesla partly liable for a 2019 fatal crash in Florida. 3. The company argues the verdict undermines innovation and tort law. 4. Plaintiffs claimed Autopilot's design flaws contributed to the crash. 5. Tesla maintains the driver's recklessness, not Autopilot, caused the incident.

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FAQ

Why Bearish?

The substantial verdict signals increased litigation risks and regulatory scrutiny, impacting investor confidence.

How important is it?

The article highlights significant legal challenges for Tesla that can affect market perception and stock value.

Why Short Term?

Immediate investor reactions to legal risks are likely to manifest in the stock price.

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