A lawsuit brought by Tesla's shareholders alleges Musk defrauded investors by overstating the competence of autopilot and full self-driving technologies deployed in Tesla vehicles.
vehicles in a lawsuit brought by the car company’s shareholders. The case filed in San Francisco federal court on Monday claims Musk defrauded investors over the course of four years by making false and misleading claims which obscured how the tech “created a serious risk of accident and injury.
” The case highlights how the value of Tesla stock plummeted amid reports that the National Highway Traffic Safety Administration and the Securities and Exchange Commissionthe technologies, which have been suspected as causing a string of deadly crashes.
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Tesla, Musk sued by shareholders over self-driving safety claimsTesla Inc and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles' Autopilot and Full Self-Driving technologies.
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Tesla and Elon Musk sued by shareholders over self-driving safety risksThe plaintiffs argue the company concealed the potential for its self-driving technology to cause injury, resulting in several setbacks for its share price, per Reuters.
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Tesla investor looking to rein in Elon Musk drops his bid for board seatTesla investor looking to rein in Elon Musk drops his bid for a board seat, saying the EV maker's shareholders 'have been heard'
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Musk's plan for a cheap Tesla car is what fans hope to hear this weekTesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it.
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Musk suggests Buffett buy Tesla stock, reveals Berkshire could have bought cheap in 2008 - AutoblogMunger could have bought into Tesla at a $200 million valuation, or less than 0.1% of the automaker's current market capitalization, Musk said.
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