Judge Dismisses Lawsuit Against Tesla Concerning Model 3 Production
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
CleanTechnica uses affiliate links. See our policy here.
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.
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Latest CleanTechnica.TV Video
CleanTechnica uses affiliate links. See our policy here.
