00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla has reached a confidential settlement with the family of a teenager killed in a 2019 California crash involving a Model 3 on autopilot, according to Bloomberg.
00:10The deal disclosed weeks before a scheduled trial in Alameda County adds to a series of settlements Tesla has made to avoid jury trials over fatal wrecks.
00:18The Vaminato family alleged autopilot defects caused the crash that killed 15-year-old Giovanni Maldonado, while Tesla argued its system's function is designed.
00:26Tesla is scheduled to face three additional trials in California over fatal autopilot crashes in the next six months.
00:32The company will also go to trial in Houston in November over claims that five police officers were injured when a Tesla and autopilot struck a parked squad car at 70 miles per hour.
00:41For all things money, visit Benzinga.com.
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