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]. Group 1: Lawsuit Details - The class action was 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 specified Class Period [1]. - Investors have until October 4, 2025, to request appointment as Lead Plaintiff for the class [2]. Group 2: Company Operations and Claims - Tesla designs, develops, manufactures, and sells electric vehicles and autonomous driving vehicles, along with energy generation and storage systems globally [4]. - The company has promoted its Robotaxi service as a fully autonomous ride-hailing network, claiming advancements in artificial intelligence differentiate it from competitors [4]. Group 3: Allegations Against Tesla - The Complaint alleges that Tesla made materially false and misleading statements about its autonomous driving technology, overstating its effectiveness and failing to disclose risks associated with its operation [4]. - Specific allegations include the risk of dangerous operation of autonomous vehicles, increased regulatory scrutiny, and overstated business and financial prospects [4]. Group 4: Recent Events and Impact - Tesla launched its Robotaxi service on June 22, 2025, but reports emerged of traffic law violations by the vehicles, leading to scrutiny from the U.S. National Highway Traffic Safety Administration (NHTSA) [5][6]. - Following these incidents, Tesla's stock price fell by $21.13 per share, or 6.05%, closing at $327.55 on June 25, 2025 [7]. - A jury later found Tesla partly liable for a fatal 2019 Autopilot crash, ordering compensation of $329 million [7].