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Tesla has filed a motion to appeal the verdict in a product liability and wrongful death lawsuit that could cost the company $242.5 million if it is not reduced or overturned.

Elon Musk 's automaker has asked for the verdict to be tossed or for a new trial in Florida's Southern district court.

Gibson Dunn , which is representing Tesla in the appeal, argued that compensatory damages in the case should be steeply reduced from $129 million to $69 million at most. That would result in Tesla having to pay a $23 million award if the prior verdict holding the company partially liable for the crash stands up.

The firm also argued that punitive damages should be eliminated or reduced to, at most, three times

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