Source link : https://tech365.info/tesla-shareholders-sue-elon-musk-over-autopilot-fsd-failures-cleantechnica/
The $329 million verdict towards Tesla by a jury in Miami final week was the final straw for a number of Tesla shareholders. Coupled with the extensively reported misadventures of Tesla Robotaxis in Austin, Texas, not too long ago, they’ve determined “Enough is enough!” and sued Tesla and Elon Musk personally for repeatedly overstating the effectiveness of and prospects for his or her autonomous driving know-how. They declare these overstatements had been designed to inflate Tesla’s monetary prospects with a view to increase the promoting worth of Tesla inventory. In different phrases, these exaggerated claims amounted to little greater than a basic “pump and dump” inventory fraud scheme.
In line with Enterprise Insider, the proposed class motion lawsuit was filed in federal court docket in Texas on August 4, 2025. It says Tesla misled buyers, didn’t disclose issues with its oft delayed robotaxi service, and “overstated the effectiveness of its autonomous driving technology. There was thus a significant risk that the Company’s autonomous driving vehicles, including the Robotaxi, would operate dangerously and/or in violation of traffic laws.” Along with naming Tesla and Musk, the lawsuit additionally names Zachary Kirkhorn, who served as Tesla CFO till 2023, and the present CFO, Vaibhav Taneja, as defendants.
Tesla Robotaxi Woes
In June, Tesla started working a small fleet of Mannequin Y Robotaxis in Austin, Texas. Earlier than the service started,…
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Author : tech365
Publish date : 2025-08-06 23:58:00
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