Tesla's May Have To Shell Out More Than $14 Billion Over Autopilot, FSD And Other Lawsuits: Report - Tesl

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

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 the Crash Reporting probe and a European General Data Protection Regulation probe into Tesla’s Sentry Mode, which could also skyrocket to $500 million, the report said.

Elon Musk Decries Lawsuits

CEO Elon Musk recently took to social media, decrying the lawsuits Tesla faces over the Autopilot and FSD systems, sharing that the technologies were instrumental in saving “a lot of lives,” and expressing bullish sentiment about the technology.

However, questions remain about the systems as the National Highway Traffic Safety Administration’s (NHTSA) probe into the FSD technology recently moved into the Engineering Analysis phase. Notably, this is a phase that is typically followed by a large-scale recall for vehicles.

Lower Insurance Premiums

According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.

Price Action: TSLA declined 0.78% to $388.90 at market close on Thursday, further slipping 0.19% to $388.18 during the after-hours trading session.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Image via Shutterstock