Tesla and CEO Elon Musk were sued by shareholders alleging securities fraud, claiming the company concealed safety risks tied to its self-driving vehicles, including the Robotaxi. The lawsuit follows a public test in June where the Robotaxi exhibited multiple driving failures.
- The class action was filed Monday night in federal court in Austin, Texas.
- Shareholders allege Tesla overstated the capabilities of its autonomous driving technology.
- The lawsuit covers shareholders who bought stock between April 19, 2023, and June 22, 2025.
- Tesla's stock declined 6.1% across two trading days following the June test.
- Robotaxi issues during the test included speeding, abrupt braking, curb strikes, and unsafe drop-offs.
- Tesla has not publicly responded to the lawsuit as of Tuesday.
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- TSLA: Tesla could face legal and reputational risks impacting investor confidence and autonomous vehicle deployment timelines.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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