(Reuters) -Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company's self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Monday night, following Tesla's first public test of its robotaxis in late June in the company's Austin, Texas, hometown. Tesla's share price fell 6.1% over two trading days after the test began, wiping out about $68 billion of market value.
  • Buffalox@lemmy.world
    9·
    1 month ago

    I wonder when his house of cards collapses.
    AFAIK none of his companies are making money now. I bet the only reason Tesla wasn’t in the red last quarter, was because they didn’t write off anything on the cars on stock. And those cars are losing value fast.

  • magnetosphere@fedia.io
    3·
    1 month ago

    They refused to fire a delusional sociopath. What the fuck were they expecting? Or was “let him run the company into the ground, then we’ll sue him for irresponsible leadership” their plan all along?