Tesla(US:TSLA) Business Insiderยท2025-08-05 15:35Core Viewpoint - A group of Tesla shareholders has filed a class action lawsuit against the company and CEO Elon Musk, alleging misleading information regarding the robotaxi service and overstating the effectiveness of its autonomous driving technology [1] Group 1: Lawsuit Details - The lawsuit claims that Tesla failed to disclose issues with its robotaxi service and that there was a significant risk of dangerous operation of its autonomous vehicles [1] - The lawsuit names Tesla, Elon Musk, former CFO Zachary Kirkhorn, and current CFO Vaibhav Taneja as defendants [9] Group 2: Robotaxi Testing Issues - Tesla began testing its robotaxi service on June 22, which faced several operational issues, including driving in the wrong lane and exceeding speed limits [2] - Videos from influencers and shareholders highlighted these irregularities, prompting an investigation by the National Highway Traffic Safety Administration (NHTSA) [2] Group 3: Market Reaction - Following the reports of the robotaxi test issues and the NHTSA investigation, Tesla's stock price dropped by 6.05% on June 24 and June 25 [3] Group 4: Legal Context - The lawsuit references a recent jury verdict in Florida that awarded $329 million in damages to the family of a victim in a Tesla crash while on "Autopilot," which has raised concerns about the safety of automated driving technology [8] - Legal experts suggest that the verdict serves as a warning to the automated driving industry regarding the need for safety and transparency in marketing [9]