Tesla Shareholders Sue Musk Over Self-Driving Claims

The Guardian reports:

Elon Musk is facing yet another lawsuit as shareholders of Tesla accuse the chief executive and his company of overstating the effectiveness and safety of their electric vehicles’ autopilot and full self-driving technologies.

Shareholders have alleged in the proposed class-action lawsuit that Tesla defrauded them over four years with false and misleading statements that concealed how its technologies – suspected as a possible cause of multiple fatal crashes – “created a serious risk of accident and injury”. The case was filed on Monday in a San Francisco federal court.

The case centers on the financial fallout of Tesla’s failed autopilot features, citing when the company’s share price fell after reports that the National Highway Traffic Safety Administration and the Securities and Exchange Commission had begun investigating the technologies.

Read the full article.

Elon Musk overstated Tesla’s autopilot and self-driving tech, new lawsuit says https://t.co/yMZpNX5hPk

— Guardian news (@guardiannews) February 28, 2023