Tesla and its managing director Elon Musk are subject to prosecution by the shareholders, who accuse the automobile manufacturer of having hidden that their vehicles with an autonomous driving system, including Robotaxi, were potentially dangerous.
The complaint in collective name was presented on Monday night, after the first public test of Tesla Robotaxis at the end of June in the city of Austin, Texas. During this test, the vehicles were speeding, suddenly decreased, crossed a border on the sidewalk, embarked on a bad lane and deposited passengers in the middle of a road that comprised several lanes.
The price of Tesla shares fell by 6.1% in two days of qualification after the start of the test, erasing around $ 68 billion in market capitalization.
Deceiving perspectives
Elon Musk and Tesla are accused of repeatedly overestimated the efficiency and perspectives of the group’s autonomous driving technology, artificially inflating financial perspectives and the course of the American manufacturer of electric vehicles.
The plaintiffs cite in particular the reassuring tone adopted by Elon Musk during a telephone conference for April 22 during which he declared that Tesla was “concentrated in the presentation of Robotaxi in Austin in Austin in June”, and the statement of Tesla on the same day that his approach to autonomous driving would offer “a deployment of evolution and safe through various geographical areas.”
Tesla did not immediately respond to requests for comments. The current Financial Director of the group, VIBHAV Taneja, and his predecessor, Zachary Kirkhorn, are also among the defendants.
Source: BFM TV
