According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:
- defendants had overstated the efficacy, viability, and safety of the Company’s Autopilot and Full Self-Driving “FSD” technologies;
- Tesla’s Autopilot and FSD technologies created a serious risk of accident and injury;
- as a result of the foregoing, Tesla was subjected to an increased risk of regulatory and government scrutiny and enforcement action, as well as reputational harm;
- as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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