*Walter Bloomberg|Aug 05, 2025 12:58
TSLA - TESLA, MUSK SUED OVER ROBOTAXI SAFETY RISKS
Shareholders filed a lawsuit accusing Elon Musk and Tesla of securities fraud for hiding safety risks of Tesla's self-driving tech, including the Robotaxi.
The suit follows a late June test where Robotaxis were seen speeding, braking suddenly, and making dangerous maneuvers. Tesla shares fell 6.1% after the test.
Investors claim Tesla exaggerated the tech's abilities, misleading the public and inflating its stock. The class action covers shareholders from April 2023 to June 2025.(*Walter Bloomberg)
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