A lawsuit alleging that Tesla made a false statement on the production of Model 3 was rejected on Monday. The case was not completely closed, and the presiding judge admitted the cancellation of "to correct it". This means that until September 28 plaintiffs will consider the decision of the judge and submit an amended complaint.
In the case filed for the first time in October 2017, Tesla and CEO Elon Musk claimed that the company misunderstood shareholders repeatedly about the progress towards large-scale production of the company's first consumer vehicle, Model 3. Plaintiffs did not acquire this position based on the statement of Tesla and Musk in the SEC filings (although seeking class action status), and appealing quarterly with analysts. Finance
Potential (and many) delays Tesla was facing when model 3 began production, Wall Street newspaper Claiming that Tesla produced the car by hand, plaintiffs argued that the statement was evidence that the company deliberately deceived shareholders.
At the beginning of the year, the plaintiffs alleged that optimism on the delay of Tesla and Musk 's Model 3 had wasted shareowners' money and fixed the original complaints to include several months since the complaint was raised.
Tesla asked the court to dismiss the case in May. The company's lawyers, Tesla and Musk, in most cases,
Hope you like the above news
Tesla gives shareholders the difficulty of model 3, the rules of the court
. Stay Tuned For More Updates :)