Judge Dismisses Lawsuit Against Tesla Concerning Model 3 Production

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In a totally unsurprising turn of events, a federal judge in San Francisco has determined that production targets were not the same as promises to investors. He has, thus, dismissed a lawsuit against Tesla.

In recent months, certain shareholders sued Tesla for not hitting some of its Model 3 production targets. The judge overseeing the case, U.S. District Judge Charles Breyer, has reportedly concluded that “federal securities laws do not punish companies for failing to achieve their targets.” Hmm, what a surprise!

The plaintiffs can amend their case by September 28 if they want to try another avenue.


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Zachary Shahan

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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