logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

Tesla shareholders sue company over self-driving car safety claim: Reports

By IBNS
Feb 28, 2023..

Washington: Tesla's shareholders are suing the electric car manufacturer over allegations that the company misled the public about the safety and efficacy of their self-driving vehicles, according to a class action complaint filed in the US District Court for the Northern District of California.


In 2014, Tesla announced an autopilot feature that included a number of advanced driver-assistance systems.

Since then, the company has announced refinements to the technology, including so-called full self driving (FSD) software, which enables the vehicle to drive autonomously to a destination.

“[Tesla] made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically," the filing said on Monday. " Defendants had significantly overstated the efficacy, viability, and safety of the Company’s Autopilot and FSD technologies."

Tesla CEO Elon Musk, who also heads the social media platform Twitter, is named as a defendant in the lawsuit as well.

Tesla’s Autopilot and FSD features created a serious risk of accident and injury, increased regulatory scrutiny and reputational harms, the lawsuit alleges. The filing cites instances of crashes involving Teslas and subsequent stock price drops.

Earlier this month, the US National Highway Traffic Safety Administration ordered a recall of nearly 363,000 Teslas over concerns that their FSD software may enable the vehicles to act in an “unlawful or unpredictable” manner. Tesla’s stock fell 5.69% in response.

The Plaintiffs believe that there are hundreds or thousands of members eligible to participate in the class action lawsuit, the filing said.

The filing requests the court require the defendants to pay damages and award plaintiffs prejudgment and post-judgment interest, attorneys’ fees and other costs. The Plaintiffs are also requesting a trial by jury, the filing said.

Leave a Reply
Post comment
Related News
Two Chinese nationals charged with conspiracy, smuggling a dangerous biological pathogen into US
Jun 6, 2025 ..
Taipei: 3000 gather to mark 1989 Tiananmen Square Massacre
Jun 6, 2025 ..
World leaders should keep two-state solution ‘alive’, urges Antonio Guterres
Jun 6, 2025 ..
Australia: 21-year-old injured in targeted shooting in Queensland
Jun 6, 2025 ..
Trump in Epstein files, he should be impeached: Friend-turned-foe Elon Musk 'drops big bomb'
Jun 6, 2025 ..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved