Status: 02/28/2023 04:53 a.m
Tesla boss Elon Musk is facing new trouble: Shareholders of the electric car manufacturer have filed a class action lawsuit against the company boss in the USA. False information is said to have been given for the safety of the autopilot.
Tesla shareholders are suing electric car pioneer and CEO Elon Musk for whitewashing the safety and efficiency of the autopilot function. Tesla has hid for four years with false and misleading statements that the technology, which could be responsible for several fatal accidents, “poses a serious risk of accident and injury,” according to the class action lawsuit filed in federal court in San Francisco on Monday.
CFOs are also being sued
The share price fell several times after accidents in connection with the driver assistance system and recall campaigns. CFO Zachary Kirkhorn and his predecessor Deepak Ahuja are also defendants. Unspecified damages are being sought from Tesla shareholders for the period February 19, 2019 through February 17, 2023.
“As a result of the defendants’ wrongful acts and omissions and the sharp decline in the market value of the company’s common stock, the plaintiff and other members of the plaintiff class have suffered substantial loss and damage,” the complaint continued. Tesla has not yet responded to requests for comment.