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TSLA INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action Against Tesla, Inc.

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The law firm Lieff Cabraser Heimann & Bernstein, LLP announces that
class action litigation has been filed on behalf of investors who
purchased or acquired, sold, or had open short positions or put options
for the securities of Tesla, Inc. ("Tesla" or the "Company") (Nasdaq: TSLA) between August 7, 2018 and August 14, 2018, inclusive (the "Class
Period").

If
you purchased or otherwise acquired, sold, or had open short positions
or put options for Tesla securities during the Class Period, you may
move the Court for appointment as lead plaintiff
by no later than
October 9, 2018. A lead plaintiff is a representative party who acts on
behalf of other class members in directing the litigation. Your share of
any recovery in the actions will not be affected by your decision of
whether to seek appointment as lead plaintiff. You may retain Lieff
Cabraser, or other attorneys, as your counsel in the actions.

Tesla
investors who wish to learn more about the litigation and how to seek
appointment as lead plaintiff should click here
or contact Sharon M.
Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Tesla Securities Class Litigation

Tesla, incorporated in Delaware and headquartered in Palo Alto,
California, designs, manufactures, and sells electric vehicles and
electric vehicle powertrain components.

The action alleges that, during the Class Period, defendants Tesla and
Elon Musk, Tesla's Chairman and Chief Executive Officer, issued false
and misleading statements and/or failed to disclose material adverse
facts regarding a possible deal to take the Company private. The action
alleges that defendants specifically failed to disclose: (1) that
defendants had not secured funding for a transaction to take the Company
private; (2) that Musk's statements that the deal only required
shareholder approval to proceed were false; and (3) that the status and
likelihood of the deal were misrepresented to the market given that
financing was not secured and the approval of the Board was still
required.

On August 7, 2018, Musk stated in a tweet that he was "considering
taking Tesla private at $420. Funding secured." He then stated in
another tweet that "[i]nvestor support is confirmed. Only reason why
this is not certain is that it's contingent on a shareholder vote." On
this news, the price of Tesla common stock rose $37.58, almost 11%
higher than the previous closing price of $341.99 on August 6, 2018, to
close at $379.57 per share on August 7, 2018, on extremely heavy trading
volume.

On August 8, 2018, before markets opened, members of Tesla's Board of
Directors issued a statement revealing that the board was still
evaluating the prospect of taking Tesla private, and thus confirmed that
any deal was still subject to board approval. On this news, the price of
Tesla common stock fell $9.23 per share, or 2.43% from the previous
day's closing price, to close at $370.34 per share on August 8, 2018, on
heavy trading volume.

The same day, after markets closed, The Wall Street Journal reported
that the Securities and Exchange Commission ("SEC") had asked Tesla
about Musk's announcement on August 7, 2018 and that Musk "could be in
trouble if regulators develop evidence that he made a statement aimed at
goosing his company's stock price."

On August 9, 2018, Reuters reported that Tesla's Board of
Directors was investigating whether funding was in fact "secured." On
this news, the price of Tesla's common stock dropped $17.89 per share,
or 4.83% from the previous day's closing price, to close at $352.45 per
share on August 9, 2018, on heavy trading volume.

On the morning of August 13, 2018, Musk posted a statement on Tesla's
blog confirming that funding for a deal to take Tesla was not yet
secured, that proceeding on a deal with Saudi Arabia's sovereign wealth
fund for funding was "subject to financial and other due diligence and
their internal review process for obtaining approvals."

The same day, after the markets closed, Musk stated in a tweet: "I'm
excited to work with Silver Lake and Goldman Sachs as financial advisors
… on the proposal to take Tesla private." Then, on August 14, 2018, Bloomberg
reported that neither Goldman Sachs nor Silver Lake were yet working
with Musk in an official capacity. On this news the price of Tesla
common stock dropped $8.77 per share, or 2.46% from a previous closing
price of $356.41 on August 13, 2018, to close at $347.64 per share on
August 14, 2018.

On August 15, 2018, The Wall Street Journal reported that the SEC
had formally subpoenaed Tesla and was seeking information from each of
the Company's directors.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco,
New York, Nashville, and Seattle, is a nationally recognized law firm
committed to advancing the rights of investors and promoting corporate
responsibility.

The National Law Journal has recognized Lieff Cabraser as one of
the nation's top plaintiffs' law firms for fourteen years. In compiling
the list, the National Law Journal examines recent verdicts and
settlements and looked for firms "representing the best qualities of the
plaintiffs' bar and that demonstrated unusual dedication and
creativity." Law360 has selected Lieff Cabraser as one of the Top
50 law firms nationwide for litigation, highlighting our firm's "laser
focus" and noting that our firm routinely finds itself "facing off
against some of the largest and strongest defense law firms in the
world." In late 2016, Benchmark Litigation named Lieff Cabraser
one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation
of investors, please visit http://www.lieffcabraser.com.

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

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