Tesla and its CEO Elon Musk face multiple legal challenges related to the safety of the company's self-driving technology, including the Robotaxi service. A Florida jury recently ordered Tesla to pay approximately $243 million in damages following a fatal crash involving the Autopilot driver-assistance system, finding the software defective and Tesla partially liable. Shareholders have filed a securities fraud lawsuit against Musk and Tesla, accusing them of concealing the safety risks associated with their autonomous driving technology. The lawsuit was prompted by a public test in late June where Robotaxis were observed engaging in dangerous behaviors such as speeding and sudden braking, which also led to a 6.1% drop in Tesla's stock price. The shareholders allege that Tesla misled investors by withholding critical safety data and failing to disclose the risks of its self-driving vehicles, including violations of traffic laws by the Robotaxi. These developments come amid growing scrutiny of Tesla's autonomous vehicle technology and its impact on market value, which reportedly dropped by $68 billion following the revelations. The legal actions underscore ongoing concerns about the safety and regulatory compliance of Tesla's self-driving systems.
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