Tesla Inc.‘s (NASDAQ:TSLA) legal troubles could reportedly cost the Elon Musk-led EV giant billions of dollars in settlement costs.
$14.5 Billion In Costs
On Thursday, Electrek reported that Tesla was facing over 21 active lawsuits comprising wrongful death lawsuits, as well as customers suing the EV giant over its self-driving and driver assistance systems. Tesla is also being sued over allegations of racial discrimination. The exposure estimates, according to the report, range from $2.1 billion to $14.5 billion.
The estimates include Autopilot/FSD crash lawsuits with exposures of $1-5 billion, as well as class action lawsuits relating to Full Self-Driving (FSD) false advertising ($100-500 million), autonomy predictions and more. The racial discrimination lawsuit at its Fremont, California, facility could cost up to $1.2 billion.
It also faces multiple regulatory investigations, like the National Highway Traffic Safety Administration (NHTSA) FSD investigation, which could cost over $500 million, as well as …
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