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Texas police take Tesla to court

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Tesla is being sued by police in Texas

A group of law enforcement officials are suing the car company after a Model X on Autopilot crashed into five police officers.

It is the latest legal headache for the automaker as it seeks to roll out its controversial driver assistance software to more customers. And it comes as Tesla is facing renewed scrutiny over several crashes that have taken place involving Autopilot and emergency vehicles.

The crash took place February 27, 2021, in Splendora, a small town in Montgomery County in the eastern part of the state. According to the lawsuit, the Model X SUV crashed into several police officers while they were engaged in a traffic stop on the Eastex Freeway in Texas. “All were badly injured,” the lawsuit says.

Tesla is facing renewed scrutiny over several crashes that have taken place involving Autopilot and emergency vehicles

The police officers claim that “design and manufacturing defects known to Tesla” are responsible for the crash, as well as “Tesla’s unwillingness to admit or correct such defects.”

The plaintiffs argue that Tesla “failed to detect the officers’ cars or to function in any way to avoid or warn of the hazard and subsequent crash.”

The lawsuit cites several tweets by Tesla CEO Elon Musk commenting on crashes involving Autopilot or incidents of Tesla owners misusing the system as evidence that the company is aware of these defects and has failed to recall or correct them.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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