Tesla(US:TSLA) Prnewswireยท2025-08-15 13:15Core Viewpoint - A class action securities lawsuit has been filed against Tesla, Inc. alleging securities fraud related to the company's autonomous driving technology and its implications for business and regulatory scrutiny [1]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for Tesla investors affected by alleged securities fraud between April 19, 2023, and June 22, 2025 [1]. - The complaint claims that Tesla overstated the effectiveness of its autonomous driving technology, leading to risks of dangerous operation and potential violations of traffic laws [1]. - It is alleged that these misrepresentations increased the likelihood of heightened regulatory scrutiny, thereby overstating Tesla's business and financial prospects [1]. Group 2: Investor Information - Investors who suffered losses during the relevant time frame have until October 3, 2025, to request appointment as lead plaintiff [1]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [1][2]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [3]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [3].