Tesla, Elon Musk sued by shareholders over Robotaxi claims

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Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous.

The proposed class action was filed on Monday night, following Tesla’s first public test of its robotaxis in late June in the company’s Austin, Texas, hometown.

That test showed the vehicles speeding, braking suddenly, driving over a curb, entering the wrong lane, and dropping off passengers in the middle of multilane roads.

Tesla’s share price fell 6.1%…



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Tesla, Elon Musk sued by shareholders over Robotaxi claims



Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous.

The proposed class action was filed on Monday night, following Tesla’s first public test of its robotaxis in late June in the company’s Austin, Texas, hometown.

That test showed the vehicles speeding, braking suddenly, driving over a curb, entering the wrong lane, and dropping off passengers in the middle of multilane roads.

Tesla’s share price fell 6.1%…



Source link

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.

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