IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a securities class action lawsuit against Tesla, Inc. (“Tesla” or the “Company”) (Nasdaq: TSLA). Investors who purchased or otherwise acquired shares between May 4, 2016 and October 6, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the December 11, 2017 lead plaintiff motion deadline.
If you purchased Tesla shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, throughout the Class Period, Tesla made materially false and/or misleading statements, and/or failed to disclose, that contrary to the Company’s representations that it was prepared for the launch of its Model 3 sedan, the Company had severely inadequate inventory and was woefully unprepared to launch its Model 3 sedan as anticipated; and thus, its public statements were materially false and misleading at all relevant times. On October 2, 2017, the Company cited “production bottlenecks” as the reason for its failure to meet its production goals for its Model 3 sedan. On October 6, 2017, the Wall Street Journal published an article reporting, in part, that “[u]nknown to analysts, investors and the hundreds of thousands of customers who signed up to buy it, as recently as early September major portions of the Model 3 were still being banged out by hand, away from the automated production line, according to people familiar with the matter.” When this news was announced, shares of Tesla declined in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, Esquire, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
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