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14 days

Shareholders sue Tesla and Elon Musk on heels of deadly self-driving verdict, alleging its robotaxi violates traffic laws

1. Tesla shareholders sued for alleged misrepresentation of robotaxi issues. 2. Videos show robotaxis violating traffic laws during June testing. 3. A recent jury verdict found Tesla liable for a deadly crash. 4. Shareholder lawsuit cites serious legal and financial exposure. 5. Tesla's stock dropped by 6.05% amid growing investor concerns.

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FAQ

Why Bearish?

The lawsuit and recent crash verdict create significant investor uncertainty, reminiscent of past legal issues affecting stock prices.

How important is it?

The shareholder lawsuit reflects serious concerns about investor trust and potential regulatory scrutiny, which can significantly impact TSLA's stock.

Why Short Term?

Immediate investor sentiment will likely be negatively impacted due to ongoing legal troubles, similar to past instances where legal actions led to stock price declines.

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