Tesla, Musk beat shareholder lawsuit over self-driving promises
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NewsTranscript
00:00Tesla and its CEO Elon Musk beat shareholder's lawsuit accusing them of deceiving over self-driving
00:07promises to boost its stock price.
00:09U.S. District Judge ruled that shareholders did not prove that Tesla and Elon Musk should
00:15be held responsible for falsely claiming they were close to developing technology that would
00:20drive more safely than humans.
00:23Judge noted that this technology had safety problems and could lead to driver inattention.
00:29Tesla vehicles included an autopilot software to enhance self-driving capabilities and sold
00:36full self-driving software upgrades.
00:39Shareholders pointed out that Musk made around $39.4 billion from stock sales.
00:45The judge dismissed the lawsuit but allowed shareholders to revise it.