SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Tesla, Inc. and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm

Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tesla, Inc. (“Tesla” or the “Company”) (Nasdaq: TSLA) for violations of federal securities laws.

Investors who purchased the Company’s shares between May 4, 2016, and October 6, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before December 11, 2017, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Complaint alleges that during the Class Period, Tesla made materially false and/or misleading statements, and/or failed to disclose, that contrary to the Company’s representations that it was prepared for the launch of its Model 3 sedan, the Company had severely inadequate inventory and was woefully unprepared to launch Model 3 sedan as anticipated; and thus, its public statements were materially false and misleading at all relevant times. On October 2, 2017, the Company cited “production bottlenecks” as the reason for its failure to meet its production goals for its Model 3 sedan. On October 6, 2017, the Wall Street Journal published an article reporting, in part, that “[u]nknown to analysts, investors and the hundreds of thousands of customers who signed up to buy it, as recently as early September major portions of the Model 3 were still being banged out by hand, away from the automated production line, according to people familiar with the matter.” Following this news, Tesla’s stock price dropped materially, which caused investors harm.

Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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