Neeta Lind
According to the lawsuit's published text, the defendants "made false or misleading statements...significantly overstated the efficacy, viability, and safety of Tesla's autopilot and fully autonomous driving technologies."
The document, in particular, details several media reports on incidents involving Tesla vehicles, including those that resulted in fatalities. Additionally, it was mentioned that American authorities were looking into the company's autopilot technology and running a recall campaign for 363 thousand electric cars due to software glitches that prevented completely autonomous driving.
The share price of the company fell in each of these instances. Plaintiff and others have "suffered significant losses and damages" as a result of the defendants' "misconduct and omissions, as well as the sharp drop in the market value of the company's stock," according to the complaint.
source: cnn.com
The document, in particular, details several media reports on incidents involving Tesla vehicles, including those that resulted in fatalities. Additionally, it was mentioned that American authorities were looking into the company's autopilot technology and running a recall campaign for 363 thousand electric cars due to software glitches that prevented completely autonomous driving.
The share price of the company fell in each of these instances. Plaintiff and others have "suffered significant losses and damages" as a result of the defendants' "misconduct and omissions, as well as the sharp drop in the market value of the company's stock," according to the complaint.
source: cnn.com
