Pomerantz Law Firm Announces the Filing of a Class Action Against Tesla, Inc. and Certain Officers – TSLA

Core Viewpoint - A class action lawsuit has been filed against Tesla, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from April 19, 2023, to June 22, 2025, seeking damages for misleading statements regarding the company's business and operations [1][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas, seeking to recover damages for all persons and entities that purchased Tesla securities during the Class Period [1]. - Investors have until October 4, 2025, to request to be appointed as Lead Plaintiff for the class [2]. Group 2: Allegations Against Tesla - The Complaint alleges that Tesla made materially false and misleading statements about its autonomous driving technology, overstating its effectiveness and the safety of its vehicles [4]. - Specific allegations include that Tesla's autonomous driving vehicles, including the Robotaxi, posed significant risks of operating dangerously and violating traffic laws, which could lead to increased regulatory scrutiny [4]. Group 3: Robotaxi Launch and Incidents - Tesla launched its Robotaxi service on June 22, 2025, with a public event in Austin, Texas, featuring autonomous vehicles with safety monitors [5]. - Following the launch, reports emerged of the Robotaxis violating traffic laws, prompting scrutiny from the U.S. National Highway Traffic Safety Administration (NHTSA) [6][7]. - Tesla's stock price fell by $21.13 per share, or 6.05%, over two trading sessions following the negative reports about the Robotaxi incidents [7]. Group 4: Legal and Financial Implications - After the Class Period, a jury found Tesla partly liable for a fatal 2019 Autopilot crash, ordering the company to pay $329 million in damages [8].