Tesla(US:TSLA) Feng Huang Wang·2025-08-06 00:05Core Viewpoint - Elon Musk and Tesla are being sued by shareholders for securities fraud, alleging that they concealed significant risks associated with the company's autonomous driving vehicles, particularly the Robotaxi service [1][2]. Group 1: Lawsuit Details - The proposed class-action lawsuit was filed on the evening of August 6, following Tesla's public testing of its autonomous Robotaxi in Austin, Texas, which revealed multiple issues such as speeding, sudden braking, and incorrect lane usage [1]. - Shareholders claim that Musk and Tesla exaggerated the effectiveness and prospects of their autonomous driving technology, artificially inflating the company's financial expectations and stock price [2]. Group 2: Financial Impact - Following the start of the testing, Tesla's stock price dropped by 6.1% over two trading days, resulting in a market value loss of approximately $68 billion [2]. Group 3: Responses and Accusations - Musk responded to the lawsuit on X, criticizing the shareholders' lawyers and labeling them as opportunistic, stating that such lawsuits are not driven by investors but by lawyers seeking financial gain [2]. - Alongside Musk, Tesla's CFO Viabhav Taneja and former CFO Zachary Kirkhorn are also named as defendants in the lawsuit [2].