Tesla shareholders allege that the company’s chief executive overstated what Autopilot can do and how safely it operates, particularly around the so‑called fully autonomous driving capabilities.
The lawsuit was filed in a federal court in San Francisco, accusing the company of misleading investors for four years by concealing real risks tied to Autopilot. Plaintiffs contend the system could contribute to accidents and injuries and may have been implicated in several fatal crashes.
The case centers on the financial fallout tied to these claims, as Tesla’s stock price has reacted to investigations and vehicle recalls, including a notable event on February 7. Shareholders are seeking remedies to recover losses that they say stemmed from the alleged misrepresentations.
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The evolving dispute underscores ongoing debates about autopilot technology, how it is marketed to the public, and how safety data is disclosed to investors and regulators in the United States and Canada.