Why Tesla's Courtroom Loss Could Be an Investor's Gain
Let’s be honest, we all saw this coming, didn’t we? For years, the high priests of Silicon Valley have been promising us a future of utopian, self-driving cars, where we could all sit back, read the paper, and be whisked to work by a benevolent robot chauffeur. The reality, as a recent court case involving Tesla has so brutally demonstrated, is a bit more complicated. And a lot more expensive for the carmakers.
A jury has found Tesla partially liable for a fatal crash involving its Autopilot system. To me, this isn't just another corporate slap on the wrist. It’s a tectonic shift. The age of blaming the driver for a computer’s mistake is officially over. And for savvy investors, this courtroom drama opens up a rather interesting new chapter.