Tesla shareholders have filed a lawsuit against Elon Musk and the company’s board of directors, alleging that Musk’s claims about achieving full self-driving capabilities by 2024 were “utterly false.” The lawsuit accuses Musk of making “deceptive and misleading statements” to inflate Tesla’s stock price. It cites Musk’s tweets and public statements about the company’s self-driving technology, including a claim in 2021 that Tesla would have “complete autonomous driving this year.” The plaintiffs argue that Musk’s statements were false and misleading, as Tesla’s Autopilot and Full Self-Driving systems are not fully autonomous and require active driver supervision. The lawsuit seeks damages for Tesla investors who purchased shares between May 2022 and February 2023, when Musk acknowledged that the company was not close to achieving full self-driving capabilities.
Source: https://www.businessinsider.com/tesla-shareholders-elon-musk-lawsuit-ai-2024-6