Big shock to Elon Musk, his own investors filed a case, wires are connected with Tesla - Newztezz Online

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Tuesday, February 28, 2023

Big shock to Elon Musk, his own investors filed a case, wires are connected with Tesla

Tesla Inc and its Chief Executive Elon Musk have received a major blow. Elon Musk has been sued by his own shareholders on Monday.

Tesla Inc and its Chief Executive Elon Musk have received a major blow. Elon Musk has been sued by his own shareholder on Monday. Questions are being raised on the self-driving safety features of Elon Musk's Tesla . Elon Musk is accused of exaggerating the autopilot, self-driving technology and safety features of his electric vehicles. Which is far away from reality. This has been mentioned in the case filed in the San Francisco Federal Court. Share holders said that Tesla has cheated them with false and misleading statements for four years.

Investors said that the company has hidden the fact that how technology related to Tesla can be fatal for a human being. The company is accused that due to the self-driving feature, there can be a danger of life in case of a major accident.

Tesla shares have fallen many times

Investors said that as soon as people came to know the truth of this, the price of Tesla's stock fell several times. After the company was accused, the National Highway Safety and Security Authority is investigating the features and autopilot of the vehicle. The share price also fell 5.7% on February 16 after NHTSA recalled more than 362,000 Tesla vehicles equipped with full self-driving beta software.

Elon Musk became the richest person in the world

Due to high losses last year, Tesla CEO Elon Musk had slipped to number two in the list of the world's billionaires, but this year his wealth increased and now he has become the richest person in the world. The boss of Twitter and Tesla has left behind French billionaire Bernard Arnault.

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