Market Overview

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of Securities Class Action Lawsuits Against Tesla, Inc.


The law firm of Kirby
McInerney LLP
announced today that class action lawsuits have been
filed against Tesla, Inc. ("Tesla" or "Company") (NASDAQ:TSLA) on behalf
of investors that acquired Tesla securities between August 7, 2018
through and including August 10, 2018 (the "Class Period"), seeking
recovery of damages for alleged violations of the federal securities
laws. Investors have until October 9, 2018 to apply to the Court to be
appointed as lead plaintiff in the lawsuit.

The lawsuit alleges that on August 7, 2018, Tesla CEO Elon Musk
announced via his personal Twitter account: "Am considering taking Tesla
private at $420. Funding secured." On this news, Tesla shares jumped
from $341.99 on August 6, 2018 to close at $379.57 on August 7, 2018. On
August 8, 2018, the SEC reportedly contacted Tesla to inquire about the
accuracy of Mr. Musk's tweets and why the announcement was not made in a
regulatory filing. On August 9, 2018, Reuters reported Tesla's Board of
Directors is investigating whether Musk's funding is "secured."
Following these disclosures, the price of Tesla stock has declined back
down to near the pre-tweet stock prices, closing at $355.49 on August
10, 2018.

If you purchased or otherwise acquired Tesla securities, have
information, or would like to learn more about this lawsuit or about
claims that you may have, please contact Thomas W. Elrod of Kirby
McInerney LLP at 212-371-6600, by email at,
or by filling out this contact
, to discuss your rights or interests with respect to these
matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs' law firm
concentrating in securities, antitrust and whistleblower litigation. The
firm's efforts on behalf of shareholders in securities litigation have
resulted in recoveries totaling billions of dollars. Additional
information about the firm can be found at Kirby McInerney LLP's

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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