On September 23, 2025, Pomerantz LLP announced that it had filed a securities class‑action lawsuit against Tesla, Inc. and certain officers in the U.S. District Court for the Western District of Texas, docket number 25‑cv‑01213. The complaint was filed at 10:00 ET and seeks damages for alleged violations of federal securities laws under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b‑5.
The class action covers all persons who purchased or otherwise acquired Tesla securities between April 19, 2023 and June 22, 2025. The plaintiffs allege that Tesla overstated the effectiveness of its autonomous‑driving technology, thereby misleading investors and increasing regulatory scrutiny. The complaint also claims that these misstatements caused investors to suffer financial losses.
Investors who bought Tesla shares during the class period have until October 4, 2025 to request the court to appoint them as lead plaintiffs. The filing represents a significant legal challenge for Tesla, potentially exposing the company to substantial liability and affecting shareholder confidence. The lawsuit is a newly announced event that occurred yesterday and is specific to Tesla, warranting coverage.
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