|Company name||Tesla, Inc.|
|Class period||May 4, 2016 – October 6, 2017|
|Lead plaintiff deadline||December 11, 2017|
|Court||Northern District of California|
NEW YORK, October 11, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Tesla, Inc. (NASDAQ: TSLA) securities between May 4, 2016 and October 6, 2017 (the “Class Period”). Investors have until December 11, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The investigation focuses on whether Tesla and certain of its officers and/or directors violated federal securities laws. On October 2, 2017, the Company cited “production bottlenecks” as the reason for its failure to meet its production goals for its Model 3 sedan. On October 6, 2017, the Wall Street Journal published an article reporting, in part, that “[u]nknown to analysts, investors and the hundreds of thousands of customers who signed up to buy it, as recently as early September major portions of the Model 3 were still being banged out by hand, away from the automated production line, according to people familiar with the matter.” Following this news, Tesla’s stock price dropped.
If you purchased or otherwise acquired Tesla securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.