The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency of Class Action. Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action
The purpose of the Notice is to inform you of a class action lawsuit now pending in the United States District Court for the Northern District of California (the “Court”) against Tesla, Inc. (“Tesla”) and Elon Musk, Brad W. Buss, Robyn Denholm, Ira Ehrenpreis, Antonio J. Gracias, James Murdoch, Kimbal Musk, and Linda Johnson Rice (collectively, “Defendants”). The Notice is intended only to advise you that the action has been certified by the Court to proceed as a class action on behalf of certain purchasers and/or sellers of Tesla securities and your rights with respect to the lawsuit. If you do not wish to be a part of the class, you must respond to this notice with a written request for exclusion by October 8, 2021 (see page 5 of the Notice).
Elon Musk, Tesla, and the other Defendants deny that they did anything wrong and believe that the claims have no merit. Among other things, Defendants contend that the challenged statements were entirely true; that Defendants did not make any materially false or misleading statements; that they did not act with scienter; that the Class Representative and the Class cannot show damages; and that there is no control person liability.
The Court has not decided who is right and there has been no monetary recovery. By certifying the Class and authorizing the Notice, the Court is not suggesting that the Class Representative will win or lose this case. The Class Representative will attempt to prove his claims in proceedings that will occur in the future.
The Class consists of:
All individuals and entities who purchased or sold Tesla stock, options, and other securities from 12:48 p.m. EDT on August 7, 2018 to August 17, 2018 and were damaged thereby
|WHAT ARE MY OPTIONS?
Stay in this lawsuit. Await the outcome. Give up certain rights.
By doing nothing, you keep the possibility of sharing in any recovery (monetary or otherwise) that may result from a resolution in favor of the Class, such as a trial or a settlement. In exchange, you give up any right you may have to sue Defendants separately about the same factual circumstances and legal claims being raised in this lawsuit, and you will be bound by the outcome of this case if tried before a jury or decided by the Court. If the parties agree to a settlement, then you will have another opportunity to opt out or exclude yourself from the case at that time.
|Ask to be Excluded by
October 8, 2021
Get out of this lawsuit. Get no benefits from it. Keep your rights.
If you ask to be excluded from this lawsuit, you will not be bound by what happens in this case and will keep any right you might have to sue Defendants separately about the same factual circumstances and legal claims being raised in this lawsuit. If a recovery is later awarded in this case, you would not share in that recovery.
How do I obtain more information?
More detailed information about the Action is contained in the full Notice available on the Important Documents page on this website. Additional information can also be obtained by contacting the Notice Administrator by calling toll-free 1-833-636-2111; emailing info@TeslaSecuritiesLitigation2018.com; or mailing a letter to:
In re Tesla, Inc. Securities Litigation
c/o JND Legal Administration
P.O. Box 91410
Seattle, WA 98111
Inquiries should NOT be directed to the Court or Defendants