Market Overview

Kaskela Law LLC Announces Expanded Class Period in Investor Class Action Lawsuits Filed Against Tesla, Inc. and Elon Musk, and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm – TSLA

Share:

Kaskela Law LLC announces that shareholder class action lawsuits have
been filed against Tesla, Inc. (NASDAQ:TSLA) ("Tesla" or the "Company")
and its CEO, Elon Musk ("Musk"), on behalf of investors who purchased or
sold Tesla securities between August 7, 2018 and August 17, 2018,
inclusive (the "Class Period").

IMPORTANT DEADLINE: Investors who transacted in Tesla
securities during the Class Period may, no
later than October 9, 2018
, seek to be appointed as a
lead representative in the action.

Tesla investors who suffered financial harm are encouraged to contact
Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 or skaskela@kaskelalaw.com
to discuss their legal rights and options. Investors may also submit
their information to the firm online at http://kaskelalaw.com/case/tesla/.

As detailed in the complaint, on August 7, 2018, Musk stated on Twitter:
(i) "Am considering taking Tesla private at $420"; (ii) "Funding
secured"; (iii) "Shareholders could either to sell at 420 or hold shares
& go private"; and (iv) "Investor support is confirmed." These tweets
drove the price of Tesla shares up as much as $45.47 per share during
intraday trading on August 7, 2018. Subsequently, Tesla's shares
significantly declined in value following the announcement of an SEC
investigation, and the disclosure of other material information
evidencing a lack of support for Musk's statements.

The shareholder class action complaint alleges that defendant Musk
materially misled investors as to the following material facts: (i)
contrary to Musk's statements that funding had been "secured" to take
Tesla private at $420 per share, no such funding had been secured; and
(ii) contrary to Musk's statement that investor support to take Tesla
private "is confirmed," there was no such confirmation. As a result of
the foregoing, Tesla investors have sustained significant investment
losses.

Tesla investors are encouraged to contact Kaskela Law LLC for additional
information about this action. Kaskela Law LLC exclusively represents
investors in state and federal courts throughout the country. For
additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

View Comments and Join the Discussion!