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Tesla quietly removes controversial feature as lawsuit looms: 'It is unclear what will happen' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
As detailed by Drive Tesla Canada, Tesla eliminated forward collision warnings from its Safety Score system — introduced in 2021 to determine monthly Tesla insurance premiums. In short, drivers with higher safety scores can earn lower premiums. However, the FCW feature was "particularly controversial." Drivers reported the warning system would go off even when they weren't in danger of a crash, falsely lowering their score and resulting in higher insurance premiums. One Illinois resident filed a class-action lawsuit against State National Insurance Company — which underwrites Tesla Insurance — alleging it had improperly inflated his premiums as a result of Tesla's beta Safety Score system. Tesla requested a dismissal of the class-action lawsuit, but a judge ruled in December 2023 that the case could proceed. The automaker has until October to formulate its legal defense. Despite a number of high-profile recalls, Tesla ranks as one of the five safest car brands in the world, a [Read more]
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Stockreport

Tesla quietly removes controversial feature as lawsuit looms: 'It is unclear what will happen' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
As detailed by Drive Tesla Canada, Tesla eliminated forward collision warnings from its Safety Score system — introduced in 2021 to determine monthly Tesla insurance premiums. In short, drivers with higher safety scores can earn lower premiums. However, the FCW feature was "particularly controversial." Drivers reported the warning system would go off even when they weren't in danger of a crash, falsely lowering their score and resulting in higher insurance premiums. One Illinois resident filed a class-action lawsuit against State National Insurance Company — which underwrites Tesla Insurance — alleging it had improperly inflated his premiums as a result of Tesla's beta Safety Score system. Tesla requested a dismissal of the class-action lawsuit, but a judge ruled in December 2023 that the case could proceed. The automaker has until October to formulate its legal defense. Despite a number of high-profile recalls, Tesla ranks as one of the five safest car brands in the world, a [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS