Tesla(US:TSLA) Globenewswireยท2025-09-30 19:34Core Viewpoint - A class action lawsuit has been filed against Tesla, alleging that the company made misleading statements regarding its autonomous driving technology, which has led to significant risks and regulatory scrutiny [3][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased Tesla securities between April 19, 2023, and June 22, 2025, with a deadline for filing a lead plaintiff motion set for October 3, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Tesla - The lawsuit claims that Tesla overstated the effectiveness of its autonomous driving technology, leading to potential dangers and violations of traffic laws by its vehicles [3]. - It is alleged that these issues increased the likelihood of heightened regulatory scrutiny, materially overstating Tesla's business and financial prospects [3]. Group 3: Impact of Recent Incidents - On June 23, 2025, Bloomberg reported incidents involving Tesla's Robotaxi violating traffic laws, which led to a decline in Tesla's stock price by more than 6% over two trading sessions [4]. - The U.S. National Highway Traffic Safety Administration (NHTSA) has contacted Tesla regarding these incidents, indicating potential regulatory actions to ensure road safety [4].