Tesla and Elon Musk sued by shareholders over self-driving safety risks

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The plaintiffs argue the company concealed the potential for its self-driving technology to cause injury, resulting in several setbacks for its share price, per Reuters.

Plaintiffs say the company concealed the potential for its self-driving tech to cause"serious risk of accident and injury."forced a recall of 362,000 vehicles over FSD software-related concerns.

Elon Musk and Tesla were sued by shareholders Monday over alleged falsehoods in the company's claims about self-driving capabilities that they argued hurt shareholder value, a report says., investors led by Thomas Lamontagne accuse the EV maker of a four-year process of defrauding shareholders by misleading them over the potential for the firm's self-driving technology to create a"serious risk of accident and injury.

Tesla's self-driving technology is suspected to be the cause of several high-profile accidents, which have forced

 

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Don’t think FSD is going to meet expectations for quite a while. They haven’t even been able to address phantom breaking. (I experience it even on an empty road) Doubt FSD can perform safely, consistently in all driving conditions. Robo-taxi is a pie-in-the-sky marketing thing.

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