Tesla agrees to pay $1.5 million to settle claims over temporary battery voltage reduction

- Tesla Inc has agreed to pay $1.5 million to settle claims a software update temporarily reduced maximum battery voltage in 1,743 Model S sedans, court documents show.

Owners of the vehicles will get $625 each, which is "many times the prorated value of the temporarily reduced maximum voltage," according to the proposed settlement documents filed Wednesday in U.S. District Court in San Francisco.