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Tesla Inc. (TSLA) 

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Tesla, Inc. (“Tesla” or the “Company”) (NASDAQ: TSLA). Investors who purchased Tesla securities are encouraged to obtain additional information and assist the investigation.           

 

The investigation concerns whether Tesla has violated federal securities laws.

 

On January 2, 2023, Tesla announced fourth-quarter vehicle deliveries that were significantly below the Company’s most recent forecast to investors.  On this news, Tesla’s stock price fell $15.08 per share, or 12.24%, to close at $108.10 per share on January 3, 2023.  Then, on January 20, 2023, the Wall Street Journal published an article entitled “Elon Musk Sold Tesla Shares Before Company Acknowledge Weakness.”  The article reported that “Mr. Musk sold nearly 22 million shares Dec. 12-14 at an average price of about $163 a share” and that “[w]hen the stock closed on Jan. 3 at just over $109, the shares Mr. Musk sold the prior month had declined in value by $1.2 billion.”  As the article noted, “[t]he timing of the stock raises a crucial question: Did Mr. Musk now that business had slowed when he sold his shares?”

  

If you are aware of any facts relating to this investigation or purchased Tesla shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.

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