Tesla(US:TSLA) Globenewswire·2025-09-08 20:08Core 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 impact on business prospects [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Tesla overstated the effectiveness of its autonomous driving technology, which includes the Robotaxi, leading to potential operational dangers and violations of traffic laws [2]. - It is alleged that these misrepresentations increased the likelihood of heightened regulatory scrutiny, thereby overstating Tesla's business and financial prospects [2]. - Investors who suffered losses during the specified period from April 19, 2023, to June 22, 2025, have until October 3, 2025, to request appointment as lead plaintiff [2]. Group 2: Participation and Costs - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].