A shareholder lawsuit that claimed Tesla made false statements about Model 3 production was dismissed Monday. The case is not completely closed — the presiding judge granted the dismissal with “leave to amend,” meaning the plaintiffs have until September 28th to take the judge’s decision into consideration and file an adjusted complaint.
Originally filed in October 2017, the lawsuit alleged that Tesla and CEO Elon Musk repeatedly misled shareholders about the progress being made during the run-up to full-scale production of the Model 3, the company’s first mass-market vehicle. The plaintiffs (who sought but have not been granted class-action status) built their case around statements made by Tesla and Musk in SEC filings and during...
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