Shareholders sue Tesla and CEO Elon Musk for securities fraud, alleging safety risks with self-driving vehicles, including the Robotaxi. Lawsuit filed in federal court in Texas, covering stock bought between April 19, 2023, and June 22, 2025. Tesla’s stock dropped 6.1% after Robotaxi test in June showed driving failures. Issues included speeding, abrupt braking, curb strikes, and unsafe drop-offs. Tesla has not responded publicly to the lawsuit. Legal and reputational risks may impact investor confidence and autonomous vehicle deployment timelines. Developing story, updates may follow.

Read more at Quiver Quantitative: Tesla and Elon Musk Sued for Securities Fraud Over Robotaxi Safety Risks