03/11/2017 20:00:00

Tesla Investor Alert: Hagens Berman Alerts Tesla, Inc. (TSLA) Investors to the Securities Class Action and the December 11, 2017 Lead Plaintiff Deadline

Related content
Related debate
17 Jun - 
Så skal de bare finde ud af og producerer dem.....
17 Jun - 
The Model 3 simply blew any would-be competitors away t..
17 Jun - 
opsiger 3500 medarbejdere. Tjener ingen penge - sælger ..

SAN FRANCISCO, Nov. 03, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Tesla, Inc. (NASDAQ:TSLA) to the securities class action pending in the U.S. District Court for the Northern District of California.  The Lead Plaintiff deadline is December 11, 2017.  If you purchased or otherwise acquired securities of TSLA between May 4, 2016 and November 1, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/TSLA

or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

TSLA@hbsslaw.com.

On October 6, 2017, the Wall Street Journal reported: “Unknown 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.”  This news drove the price of TSLA shares down $13.94, or nearly 4%, to close at $342.94 on October 9, 2017.

Then, on November 1, 2017, the WSJ reported (a) “Tesla said it would build 10% fewer Model S and X vehicles in the fourth quarter than the third quarter” and (b) “[t]he outlook is even worse for the Model 3 […] [i]t now expects to produce 5,000 a week by the first quarter of next year, another slippage in its timeline.”  This news drove the price of TSLA shares down as much as $24.80, or nearly 8%, during intraday trading on November 2, 2017.

“We’re focused on Tesla’s apparent omissions concerning its struggle to build the Model 3 and investor damages resulting from the recent revelations,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding Tesla should consider their options to help in the investigation or take advantage of the SEC whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email TSLA@hbsslaw.com.

About Hagens Berman

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country.  The firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 510-725-3000

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Reva Expands Commercial Access to Fantom With New Distribution Partnership in Italy
2
Bio-on successfully completed the first test phase for the special bioplastic production facility inaugurated on 20 June.
3
CLASS ACTION UPDATE for MRCY and FLKS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
4
YouGov poll reveals UK adults are seeking innovative, digital payment experiences from their banks
5
Marine Harvest ASA (OSE:MHG): Q2 2018 Trading update

Related stock quotes

Tesla Inc 309.33 -3.0% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Latest news


Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
16 July 2018 20:58:10
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180712.1 - EUROWEB1 - 2018-07-16 21:58:10 - 2018-07-16 20:58:10 - 1000 - Website: OKAY