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Tesla, Musk win dismissal of lawsuit over Model 3 production [MSN Money]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla, Elon Musk win dismissal of lawsuit over Model 3 production © Reuters/Jason Lee SAN FRANCISCO (Reuters) - A federal judge in San Francisco dismissed for the second time a securiti fraud lawsuit brought by Tla Inc shareholders alleging that the company made misleading commts about the production status of its Model . Load Error U.S. District Judge Charl Breyer sided with Tla, granting the electric vehicle company dismissal of the lawsuit brought in October 07. Breyer dismissed the original lawsuit in August but allowed plaintiffs to file an amded one. The lawsuit sought class action status for shareholders who bought Tla stock betwe May , 06 through Nov. , 07. It said shareholders bought "artificially inflated" shar because Musk and other executiv misled them with bullish statemts about the production ramp of the Model , failing to disclose that the company was "woefully unprepared" for the vehicle's production. Tla argued in its defse that it had be forthcoming about challg with
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