<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> is facing a proposed class action lawsuit filed by investors over the company's Robotaxi claims.</p><h2>Tesla Robotaxis Are Dangerous, Plaintiffs Allege</h2><p>A new lawsuit accuses Tesla and CEO Elon Musk of securities fraud, alleging the company concealed significant risks associated with its Robotaxi program, Reuters reported Tuesday.</p><p>Plaintiffs say that Tesla's Austin Robotaxi launch in June showcased that the vehicle had instances of speeding, driving over a curb, driving in the wrong lane, as well as dropping off passengers in the middle of the road, the report suggests.</p><h2>Elon Musk Reacts To The News</h2><p>Musk reacted to the news, sharing his thoughts on the lawsuit in a reply to a post on social media platform X, which he owns, on Tuesday. &#34;It's never actually investors,&#34; Musk said in the post.</p><p>Musk then slammed the &#34;class action lawyers,&#34; alleging that they were &#34;grifting for their percentage of the verdict,&#34; before delivering some harsh words for the lawyers.</p><h2>Tesla's $243 Million Payment, Tougher Oversight</h2><p>The news comes as Tesla was recently ordered by the court to pay $243 million in damages after failing to dismiss a lawsuit over 2019's fatal crash in Florida that resulted in the death of a woman when a Tesla on Autopilot crashed into a parked SUV.</p><p>The payment raises questions over the company's FSD or Full Self-Driving system, which could face increased scrutiny after President <strong>Donald Trump</strong>'s nominee for the NHTSA administrator, <strong>Jonathan Morrison</strong>, called for tougher oversight on autonomous vehicles.</p><h2>Musk's Ambitious Robotaxi Plan</h2><p>Amid this, Musk had targeted an ambitious goal of serving over half the population of the U.S. with Tesla Robotaxis by the end of the year. Tesla recently also expanded its ride-hailing service in the San Francisco Bay Area.</p><p>However, the plans have faced criticism from experts, including <strong>Gerber Kawasaki</strong>'s co-founder <strong>Ross Gerber</strong>, who slammed the EV giant for calling its ride-hailing service the &#34;Robotaxi.&#34;</p><p>&#34;Tesla should consider calling things by the right names. Not wild exaggerations,&#34; Gerber said. He also added that the term &#34;Supervised Full Self-Driving&#34; was &#34;an oxymoron.&#34;</p><p>Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Elon Musk Says $150K Investment In Tesla ‘Probably’ Makes You A Millionaire</li> </ul><p><em>Photo courtesy: Frederic Legrand – COMEO On Shutterstock</em></p></div></div></div>

TSLA

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

<p>Tesla Inc. is facing a class action lawsuit from investors alleging securities fraud related to its Robotaxi program, claiming the company concealed risks. CEO Elon Musk dismissed the lawsuit, criticizing class action lawyers. This follows a recent court order for Tesla to pay $243 million for a fatal crash involving its Autopilot system, raising concerns over its Full Self-Driving technology. Musk aims to expand Robotaxi services, despite criticism from experts regarding the terminology used for the service.</p>

- Tesla Inc. is facing a proposed class action lawsuit from investors alleging securities fraud related to its Robotaxi program, claiming the company concealed significant risks.  
- The lawsuit highlights incidents during the Austin Robotaxi launch, including speeding and unsafe passenger drop-offs, while Elon Musk criticized the lawsuit and the lawyers involved on social media.  
- This legal challenge follows a recent court order for Tesla to pay $243 million in damages linked to a fatal crash, raising concerns about the oversight of its Full Self-Driving system.

Benzinga

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Elon Musk Says 'It's Never Actually Investors' As Tesla Faces New Lawsuit After $243 Million Verdict