A securities class action has been filed in the USDC – N.D.CA. against Tesla, Inc. (TSLA) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Tesla common stock between February 19, 2019 through February 17, 2023.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- Defendants had significantly overstated the efficacy, viability, and safety of the Company’s Autopilot and FSD technologies;
- contrary to Defendants’ representations, Tesla’s Autopilot and FSD technologies created a serious risk of accident and injury associated with the operation of Tesla vehicles;
- all the foregoing subjected Tesla to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm; and
- as a result, the Company’s public statements were materially false and misleading at all relevant times.
After several publications, Tesla’s stock price fell from $714.63 per share on April 19, 2021 to $197.37 per share on February 21, 2023.
If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.