Tesla and CEO Elon Musk have been hit with a shareholder lawsuit claiming securities fraud over the company’s autonomous driving technology. The lawsuit, filed Monday night in federal court in Austin, Texas, alleges the electric vehicle maker concealed significant safety risks associated with its Robotaxi service while inflating the company’s business prospects and stock price. The legal action comes after Tesla’s inaugural Robotaxi test in Austin on June 22 showed vehicles exhibiting erratic behavior, including speeding, sudden braking, driving over curbs, entering wrong lanes, and dropping passengers off in the middle of multilane roads. These incidents triggered a sharp market … Continue reading Tesla Shareholders Sue Over Robotaxi Safety Risks After June Test Causes $68 Billion Stock Plunge