A securities class action has been filed against Tesla Inc. (TSLA) on on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Tesla common stock between February 19, 2019 through February 17, 2023.  This case has been filed in the USDC – ND.CA.

Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospect. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants had significantly overstated the efficacy, viability, and safety of the Company’s Autopilot and FSD technologies; (ii) contrary to Defendants’ representations, Tesla’s Autopilot and FSD technologies created a serious risk of accident and injury associated with the operation of Tesla vehicles; (iii) all the foregoing subjected Tesla to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.