1. Pomerantz LLP investigating potential securities fraud by Tesla executives. 2. NHTSA contacted Tesla regarding robotaxi traffic violations reported online. 3. Tesla's stock price fell sharply following the NHTSA investigation news.
Legal investigations and negative press often lead to stock price drops. Similar past incidents, like those involving major corporate fraud, typically led to investor losses.
Investigation by a well-known law firm increases perceived risk and can lead to significant legal costs and damages for Tesla.
Immediate market reactions to investigations usually result in swift stock price impacts, as seen previously when companies face legal scrutiny.
Pomerantz LLP is investigating claims on behalf of investors of Tesla, Inc. ("Tesla" or the "Company") (NASDAQ: TSLA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Tesla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 22, 2025, Tesla debuted its robotaxi service with a highly publicized launch event in Austin, Texas. Then, on June 23, 2025, Bloomberg reported that the U.S. National Highway Traffic Safety Administration ("NHTSA") had contacted Tesla after numerous videos posted online appeared to show Tesla robotaxis driving erratically and violating traffic laws.
On news of the NHTSA investigation, Tesla's stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP