Tesla sharehlders sued elon musk and the electric vehicle maker for allegedly concealing the significant risk posed by company’s self-Dr. Self-Driving Vehicles.
The proposed class-action suit, which accuses musk and tesla of secondies fraud, was filled on monday night. Tesla Conducted Its First Public Test of Its Self-Driving Taxis in Late June Near the company’s headquarters in Austin, Texas. That test showed the vehicles speeding, braaking suddenly, driving over a curb, entering the Wrong lane and dropping off passengers in the middle of multilane roads. The National Highway Transit Safety Administration (NHTSA), The Main Transportation Regulator in the US, is investigating the robotaxi’s pilot test.
Sharehlders Accused Musk and His Electric Vehicle Maker of REPEATEDLY OVERSTTINE The Effectiveness of and Prospects for Their Autonomous Driving Technology, Inflating Tesla’s Financial Propects and Stockery Price. Tesla’s Share Price Fell 6.1% Over Two Trading Days after the Test Began, Wiping Out About $ 68BN of Market Value.
Sharehlders said this inclined musk’s assurance on a 22 april conference call that tesla was “laser-focused on bringing robotaxi to austin in june” and Tesla’s Claim the Same the Same the Same Tesa That Its Approache Top Autonomous Driving Belt Deliver “Scalable and Safe Depluement Across Diverses Geographies and Use Cases”.
Tesla did not immediatively respond on tuesday to requests for comments. The company’s Chief Financial Officer, Vaibhav Taneja, and his predacesor zachary kirkhorn are also also defendants.
Expanding Robotaxis is Crucial for Tesla as the Company FACES Falling Demand for Its Ageing Electric Vehicles and a Backlash over musk’s politics.
Musk, The World’s Richest Person, Says he will offer the service to half of the US population by year’s end, but first he must convince regulators and assures the public health. He claims the company has expanded its robotaxi service to the san francisco bay area, where it was previous headquartered, Thought regulations there Prevent Tesla from Offering Paid Autonomous Riddes Without a renewed permit, according to the department of motor vehicles.
A Florida Jury on 1 August Found Tesla 33% Responsible About $ 243m in Damages to Victims. Tesla blamed the driver and plans to appeal.
after newsletter promotion
Quick Guide
Contact us about this story
Show
The best public interest journey relaes on first-hand accounts from people in the knowledge.
If you have something to share on this subject you can contact us confidently using the following methods.
Secure messaging in the guardian app
app has a tool to send tips about stories. Messages are end to end encrypted and concepted within the routine activity that every guardian mobile app performs. This Prevents an observer from knowledge that you are communicating with us at all, let alone what is being said.
If you don’t alredy have the guardian app, Download it (iOS/Android) and Go to the Menu. Select ‘Secure message’.
Securedrop, Instant Messengers, Email, Telephone and Post
See our guide at theguardian.com/tips for alternative methods and the pros and cons of thought.
