TESLA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Tesla, Inc. - TSLA

NEW ORLEANS, Aug. 17, 2018

What You May Do

If you purchased securities of Tesla and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit  https://www.ksfcounsel.com/cases/nasdaqgs-tsla/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 9, 2018.

About the Lawsuit

Tesla and certain of its executives are charged with making materially false and misleading statements and/or failing to disclose material facts during the Class Period, violating federal securities laws. 

On August 7, 2018, Tesla CEO Elon Musk stated via Twitter that "[a]m considering taking Tesla private at $420. Funding secured," among other things, which sent Tesla shares soaring to close at $379.57 that day.  Then, from August 9-14, 2018, media reports revealed a SEC probe into the veracity of the statements, an investigation by Tesla's Board into the funding, and statements contradicting Musk's insinuation that financial advisors had been retained for the transaction.