NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is investigating whether Tesla, Inc. (NASDAQ:TSLA) (“Tesla” or the “Company”) or certain of its directors and officers violated federal securities laws. If you recently purchased or sold Tesla shares or options, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for additional information.
Tesla designs, manufactures, and sells high-performance electric sedans and sport utility vehicles, as well as electric vehicle powertrain components.
This investigation concerns whether Tesla or its management violated disclosure provisions of the securities laws.
On August 7, 2018, Tesla CEO Elon Musk announced via his personal Twitter account: “Am considering taking Tesla private at $420. Funding secured.” On this news, Tesla shares jumped from $341.99 on August 6, 2018 to close at $379.57 on August 7, 2018, a jump of 11%.
On August 8, 2018, the SEC reportedly contacted Tesla to inquire about the accuracy of Mr. Musk’s tweets and why the announcement was not made in a regulatory filing.
What You Can Do
If you recently purchased or sold Tesla securities, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at firstname.lastname@example.org.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.