NEW YORK, Aug. 17, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm, is
investigating potential securities fraud claims on behalf of
shareholders of Tesla, Inc. ("Tesla" or the "Company")
(NASDAQ: TSLA) resulting from allegations that Tesla and/or its
executives may have issued materially misleading business
information to the investing public.
If you purchased Tesla securities, and/or would like to discuss
your legal rights and options, please visit Tesla Shareholder
Investigation or contact Daniel
Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
On August 16, 2018, during
aftermarket hours, The New York
Times published an article of Elon Musk's recent "hourlong interview with The
New York Times." The article stated
that "Mr. Musk provided a detailed timeline of the events leading
up to the Twitter postings on Aug. 7
in which he said he was considering taking the company private at
$420 a share." The article stated
that Mr. Musk "acknowledged Thursday that no one had seen or
reviewed [the tweet] before he posted it." The article further
stated "that [Tesla's] funding, it turned out, was far from
secure." According to the article, "Mr. Musk…was referring to a
potential investment by Saudi
Arabia's government investment fund. Mr. Musk had extensive
talks with representatives of the $250
billion fund about possibly financing a transaction to take
Tesla private — maybe even in a manner that would have resulted in
the Saudis' owning most of the company. One of those sessions took
place on July 31 at the Tesla factory
in the Bay Area, according to a person familiar with the meeting.
But the Saudi fund had not committed to provide any cash, two
people briefed on the discussions said."
On this news, Tesla's stock fell $29.95 per share, or over 8%, from its previous
closing price to close at $305.50 per
share on August 17, 2018, damaging
investors.
If you purchased Tesla securities, and/or would like to discuss
your legal rights and options, please visit
https://www.bernlieb.com/cases/tesla-inc-tsla-lawsuit-class-action-fraud-stock-77/
or contact Daniel Sadeh toll free at
(877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
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Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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