Tesla Inc Shareholders Invited To Join Fraud Investigation With Schall Law Firm

Tesla Investors Join Fraud Investigation

Summary

The Schall Law Firm is investigating Tesla, Inc. for possible breaches of fiduciary duty and violations of the federal securities laws.

Case Details

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Investors who purchased Tesla securities are encouraged to contact the firm before October 14, 2024.

Investigation Details

On August 12, 2024, Tesla announced that the Securities and Exchange Commission (SEC) had opened an investigation into the Company's Autopilot driver-assistance system. The SEC is investigating whether Tesla misled investors about the capabilities and safety of Autopilot.

The investigation also focuses on whether Tesla misled investors about the Company's production and delivery goals. In January 2024, Tesla announced that it would produce 500,000 vehicles in 2024. However, the Company has since cut its production target to 450,000 vehicles.

The Company's stock price has declined significantly since the SEC investigation was announced. On August 13, 2024, Tesla's stock price closed at $285.54 per share, down from a high of $388.19 per share on January 26, 2024.

Contact Information

Levi Korsinsky 55 Broadway, New York, NY 10006 Phone: (212) 355-6800 Web: https://www.schallfirm.com/ Email: lkorsinsky@schallfirm.com