Tesla(US:TSLA) Prnewswire·2025-10-01 12:45Core Viewpoint - A class action securities lawsuit has been filed against Tesla, Inc. alleging securities fraud that affected investors between April 19, 2023, and June 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Tesla overstated the effectiveness of its autonomous driving technology [2]. - It is alleged that there was a significant risk that Tesla's autonomous vehicles, including the Robotaxi, could operate dangerously or violate traffic laws [2]. - The lawsuit suggests that these issues increased the likelihood of heightened regulatory scrutiny on Tesla [2]. - Consequently, Tesla's business and financial prospects were reportedly overstated, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until October 3, 2025, to request to be appointed as lead plaintiff [2]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [2][3]. Group 3: Legal Representation - 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].