NEW YORK, Nov. 1, 2017 /PRNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether certain officers and directors of Tesla, Inc. ("Tesla" or the "Company") (NASDAQ: TSLA) breached their fiduciary duties owed to the Company and its shareholders. If you are a Tesla shareholder, you are encouraged to contact Scott+Scott for additional information.
Tesla designs, manufactures, and sells high-performance electric sedans and sport utility vehicles, as well as electric vehicle powertrain components. Scott+Scott's investigation focuses on whether certain members of Tesla's Board of Directors breached their fiduciary duties by failing to prevent executives and the Company from stating that Tesla was prepared for the launch of its Model 3 sedan at a time when Tesla allegedly had inadequate inventory and was unprepared to launch the Model 3 sedan as anticipated.
On November 1, 2017, after the market closed, the Company announced its third quarter earnings results, revealing that previously promised volume production and deliveries in 2017 are now expected to occur by late first quarter 2018. On this, and other news, Tesla's stock traded after hours below $310 per share.
What You Can Do
If you are a Tesla shareholder, you may have legal claims against Tesla's officers and directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982, or at firstname.lastname@example.org.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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SOURCE Scott+Scott, Attorneys at Law, LLP