Market Overview

TESLA BRANDS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Tesla, Inc. - TSLA

Share:

NEW ORLEANS, Aug. 24, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 9, 2018 to file lead plaintiff applications in a securities class action lawsuit against Tesla, Inc. (NASDAQ:TSLA), if they purchased the Company's securities between August 7, 2018 and August 14, 2018, inclusive (the "Class Period").  This action is pending in the United States District Court for the Northern District of California.

Get Help

Tesla investors should visit us at https://www.claimsfiler.com/cases/view-tesla-inc-securities-litigation-1 or call to speak to our claim center toll-free at (844) 367-9658.  

About the Lawsuit

Tesla and certain of its executives are charged with making materially false and misleading statements and/or failing to disclose material facts during the Class Period, violating federal securities laws. 

On August 7, 2018, Tesla CEO Elon Musk stated via Twitter that "[a]m considering taking Tesla private at $420. Funding secured," among other things, which sent Tesla shares soaring to close at $379.57.  Then, from August 9-14, 2018, media reports revealed a SEC probe into the veracity of the statements, widespread questions regarding the supposed secured funding, and statements contradicting Musk's remark implying that financial advisors had already been retained for the transaction. 

On this news, the price of Tesla's shares plummeted.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

View Comments and Join the Discussion!