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Judge rejects Tesla’s attempt to overturn $243 million verdict over fatal 2019 autopilot crash

Tesla’s effort to appeal a $243 million jury verdict related to a fatal 2019 crash that occurred when a Tesla vehicle was in self-driving mode was rejected by a federal judge in a ruling made public on Friday.

Tesla is expected to appeal the decision to a higher court.

The case was the first federal lawsuit surrounding an autopilot death to go to a jury trial for Tesla. In August, a jury found the automaker 33% responsible for the 2019 crash. The jury determined that Tesla was partly to blame for enabling the driver to take his eyes off the road, and the company was ordered to pay an additional $200 million in punitive damages.

Tesla reportedly turned down a $60 million settlement offer prior to the trial. According to Electrek, dozens of similar cases involving the EV maker are working through the court system.

This month, Tesla stopped using the term “autopilot” in its marketing in order to avoid a sales ban in California. Tesla appears to have replaced the term with “Traffic Aware Cruise Control” and added “supervised” to its mentions of Full Self-Driving tech.

The case was the first federal lawsuit surrounding an autopilot death to go to a jury trial for Tesla. In August, a jury found the automaker 33% responsible for the 2019 crash. The jury determined that Tesla was partly to blame for enabling the driver to take his eyes off the road, and the company was ordered to pay an additional $200 million in punitive damages.

Tesla reportedly turned down a $60 million settlement offer prior to the trial. According to Electrek, dozens of similar cases involving the EV maker are working through the court system.

This month, Tesla stopped using the term “autopilot” in its marketing in order to avoid a sales ban in California. Tesla appears to have replaced the term with “Traffic Aware Cruise Control” and added “supervised” to its mentions of Full Self-Driving tech.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Capsule Pill and Dots

Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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