
Tesla to pay $243M for deadly 2019 Florida Keys accident
The accident occurred at a T-intersection after sundown in the Florida Keys in 2019 when the Tesla did not stop and rammed a parked SUV.
The collision killed Naibel Benavides Leon, 20, as she stood next to the SUV. Her boyfriend, Dillon Angulo, was injured.
The Miami jury granted a $43 million award for compensatory damages for pain and suffering and another $200 million for punitive damages arising from the vehicular accident that occurred in the Florida Keys, NBC News reported.
Attorneys for the plaintiffs successfully argued Tesla officials overestimated the capabilities of the autopilot program in the Tesla Model S sedan that the defendant was driving.
The jury determined the plaintiff's pain and suffering merited a total of $129 million in compensatory damages, but Tesla only pays a third of that amount.
The jury assigned one-third of the blame to Tesla and two-thirds to the driver, who said he was distracted while reaching for his cell phone when the accident occurred.
The motorist was sued separately from Tesla and was not a party to the federal lawsuit that the jury decided on Friday.
U.S. District Court of Southern Florida Judge Beth Bloom accepted the jury's verdict and said she will order Tesla to pay the judgment.
The jury of eight found Tesla was partly liable because the vehicle's autopilot system did not brake in time to prevent the deadly accident.
Officials for Elon Musk-owned and publicly traded electric vehicle manufacturer Tesla said they will appeal the jury's verdict.
"Today's verdict is wrong and only works to set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology," they said in a prepared statement.
"We plan to appeal given the substantial errors of law and irregularities at trial."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Musk's $29B award, Figma nosedives, OpenAI nears 700M users
Yahoo Finance's John Hyland dives into some of the trending headlines on Wall Street during Monday's trading session. Tesla (TSLA) approved a stock award valued at roughly $29 billion for CEO Elon Musk. Figma (FIG) stock is nosediving after the company's strong trading debut. ChatGPT maker OpenAI ( nears 700 million weekly active users. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo Finance's Market Minute. US stocks rebounding today as traders increase bets. The Federal Reserve will cut rates in September as the labor market continues to weaken. Most recent payrolls report coming in weaker than economists estimated with major downward revisions to the May and June data. Meanwhile, Tesla has approved a $30 billion pay package for CEO Elon Musk. The new agreement includes 96 million shares of the automaker that will vest if Musk continues to serve in the top post for another two years. And Figma shares sliding today as the newly public company sees volatility following its IPO. The stock closing out a 250% gain on its first day of trading, today shares falling more than 20%. And OpenAI says Chat GPT is set to hit 700 million weekly active users, a fourfold increase from this time last year. OpenAI now counts 5 million paying business users up from 3 million in June as enterprises and educators embrace AI tools. That's Yahoo Finance's Market Minute. Scan the QR code below to track the best and worst performing stocks of the trading session. Related Videos Why Berkshire Hathaway may face 'pressure' to pay cash dividend Elon Musk's $29B award may raise board independence concerns Wilbur Ross–backed BPGC taking iRocket public via $400M SPAC Tesla needs Elon Musk: Why investors awarded Musk $29B in stock Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Entrepreneur
21 minutes ago
- Entrepreneur
Tesla Board Awards Elon Musk With $29 Billion Pay Package
The Tesla board announced it unanimously approved the pay package for Musk, as his 2018 pay package remains tied up in legal limbo. The Tesla board has announced it's awarding Elon Musk with 96 million restricted shares of the company, worth around $29 billion based on its current share price. In a letter released on Monday, Robyn Denholm and Kathleen Wilson-Thompson, members of the Tesla board of directors, announced that the pay package is the "important first step in compensating Elon Musk for his extraordinary work at Tesla." According to the letter, Musk has "not received any meaningful compensation for eight years," and the $29 billion pay package is a "good faith" payment to the CEO. Musk's 2018 pay package, the highest in U.S. corporate history, has been tied up in legal issues due to an ongoing shareholder lawsuit. In December, a Delaware judge rejected the pay package for the second time, stating Tesla's lawyers had "no procedural ground for flipping" her initial decision. The judge, Kathaleen McCormick, first rejected the pay package in January 2024, stating that the Tesla board "failed to meet their burden" to prove the compensation plan was fair and in shareholders' best interests. Tesla's shareholder letter says the company has "no clear timeline for resolution" of the lawsuit and that it is waiting to be assigned a hearing date to appear in front of the Delaware Supreme Court. Related: Is It Fair To Deny The Fruits Of Hard Work? Thoughts On The Voiding Of Elon Musk's US$56 Billion Pay Package Denholm and Wilson-Thompson wrote that the board is taking "decisive action to recognize the extraordinary value" Musk has brought to the company by unanimously approving the pay package, with Musk and his brother, Kimbal Musk, recusing themselves. The package dictates that Musk will be able to purchase 96 million Tesla shares at $23.34 per share (the stock's current value is more than $300). In return, Musk must serve continuously in a senior leadership role at Tesla for a two-year vesting term. He also agrees to forfeit or return a portion of this award should his 2018 pay package be approved. Related: Why Elon Musk's Battle With Delaware Is About More Than a $55 Billion Pay Package "It is imperative to retain and motivate our extraordinary talent, beginning with Elon," the letter read, citing the ongoing war for AI talent and recent headline-making pay packages for AI engineers. Tesla's share price rose upon the announcement and is up around 2% today at the time of writing. The stock is down 18% year to date. Related: The Lawyers Who Fought Against Elon Musk's Pay Package Are Asking $370,000 an Hour in Legal Fees: 'We Did Battle With the Very Best'


Bloomberg
24 minutes ago
- Bloomberg
Tesla Gives Musk $30 Billion Award, Saying ‘Deal Is a Deal'
Tesla Inc. approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk, a massive payout meant to keep the billionaire's attention on the automaker as a legal fight over a 2018 pay package drags on. The new agreement includes 96 million shares of the automaker that will vest if Musk continues to serve in the top post for another two years, the company said Monday in a regulatory filing. The restricted stock has an exercise price of $23.34, equal to the price in the prior compensation plan. The move underscores Musk's grip on the company, even as it struggles with falling electric vehicle sales and a slumping stock price. The world's richest person has said he wants a greater stake in Tesla as he reorients it around futuristic pursuits including artificial intelligence and driverless vehicles. Bloomberg's Steve Man reports. (Source: Bloomberg)