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Consumer Law

Elon Musk, Tesla Sued by Shareholders Over Self-Driving Safety Allegations

Investors in the United States have taken legal action against Tesla, probably the most well-known producer of electric vehicles (EVs), and CEO Elon Musk over the company’s safety allegations regarding the Full Self-Driving and Automatic pilot features of its models.

As per Reuters, stockholders argued Tesla had misled them for 4 years in a planned class action lawsuit issued in a federal court in San Francisco. Zachary Kirkhorn, the chief financial officer at Tesla, and Deepak Ahuja, his predecessor, are also the defendants.

The class action lawsuit alleged that Tesla made wild and deceptive claims to cover up how its system “created a serious risk of accident and injury.” A series of deadly accidents in the United States have put Tesla under investigation for a while.

Read the source article at techstory.in

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