SAN DIEGO, May 14, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in Tesla, Inc. (NASDAQ: TSLA) shares.
Investors, who purchased Tesla, Inc. (NASDAQ: TSLA) shares in 2021 or earlier and continue to hold any of those NASDAQ: TSLA shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 27, 2023, a lawsuit was filed by an investor in NASDAQ: TSLA shares against Tesla, Inc. over alleged securities laws violations. The plaintiff alleged that Defendants made false and/or misleading statements and/or failed to disclose that the Defendants had significantly overstated the efficacy, viability, and safety of the Company’s Autopilot and FSD technologies, that 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, that all the foregoing subjected Tesla to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
On September 05, 2023, an amended complaint was filed and on November 06, 2023, the defendants filed their motion to dismiss the amended complaint.
Those who purchased Tesla, Inc. (NASDAQ: TSLA) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
