Tesla Stock in Focus After Settling Autopilot LawsuitKey Levels to Watch [Video]

Shares in electric vehicle (EV) maker Tesla (TSLA) remain in focus Tuesday morning after court documents revealed that the company has settled a wrongful death lawsuit relating to a 2018 autopilot car accident that killed Apple engineer Walter Huang after his vehicle veered off a highway near San Francisco.

The settlement comes just days before the closely followed case centering around the automaker’s driver assistant technology was scheduled to go to trial in a California Superior court, potentially saving Tesla from damming evidence and testimonies that could cause reputational damage and establish precedent in similar existing and future cases.

Huang’s family alleged the vehicle’s autopilot steered the Model X SUV he was driving into a highway barrier, focusing, in part, on safety and design defectsin the company’s driver assistance systems. They also partially blamed Tesla’s autopilot promotional messaging, alleging that it suggested vehicles with the technology were safe to drive without drivers needing their hands …