Tesla set to pay $1.5 million to settle battery saga

Published

3 years ago

August 2, 2021

Tesla has agreed to settle a class-action lawsuit over throttling battery capacity

The automaker has submitted a settlement with a US court.

The case involves paying $625 to over 1,500 Tesla Model S owners in the US who were affected by the updates and paying the legal fees.

According to Reuters, the court documents show that the software update impacted 1,743 Model S sedans in the US.

Tesla rolled out the final update that fully corrected the issue in March 2020

Among the affected vehicles, 1,552 had their max battery voltage restored, while 57 vehicles had battery replacements.

The settlement documents said that any vehicle still experiencing battery throttling problems would have its maximum voltage restored over time.

Elon Musk speaks out about Tesla's $1.5 million payment to settle a battery-charging lawsuit https://t.co/d0JmBCcJAS pic.twitter.com/1Wjua0r4Tk
— Business Insider SA🇿🇦 (@BISouthAfrica) August 1, 2021

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending