They were sued by shareholders, who accuse them of mobile fraud, claiming that they have hidden the significant risk of the company’s autonomous vehicles, including Robotaxi.
The proposed collective action was filed on a federal court in Texas on Monday night, in which vehicles were observed to develop excessive speed, brake abruptly, climbing on sidewalks, getting into the wrong strips and landing.
Tesla’s share price fell by 6.1% within two days of trading from the start of the test. Shareholders accuse the electric vehicles company of overcoming the effectiveness of autonomous driving technology, inflating the business perspectives and the price of its stock.
The lawsuit is seeking compensation (incompetent) for shareholders for the period between April 19, 2023 and 22 June 2025.
Tesla did not respond to a request for annotation.
