Tesla and its CEO Elon Musk sued by shareholders over self-driving safety claims

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Tesla Inc and its Chief Executive Elon Musk have been sued by shareholders who claim they overstated the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies.

In a proposed class action filed in federal court in San Francisco, shareholders claimed Tesla defrauded them over four years by making false and misleading statements that concealed how its technologies, suspected of being the cause of multiple fatal crashes, “created a serious risk of accident and injury.” They claimed that Tesla’s stock price dropped several times as the truth became public, including after the National Highway Traffic Safety Administration began investigating the technologies and reports that the Securities and Exchange Commission was looking into Musk’s Autopilot claims.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Tesla and its CEO Elon Musk sued by shareholders over self-driving safety claims

Tesla Inc and its Chief Executive Elon Musk have been sued by shareholders who claim they overstated the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies.

In a proposed class action filed in federal court in San Francisco, shareholders claimed Tesla defrauded them over four years by making false and misleading statements that concealed how its technologies, suspected of being the cause of multiple fatal crashes, “created a serious risk of accident and injury.” They claimed that Tesla’s stock price dropped several times as the truth became public, including after the National Highway Traffic Safety Administration began investigating the technologies and reports that the Securities and Exchange Commission was looking into Musk’s Autopilot claims.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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