Binkow & Goldberg LLP, representing investors of Tesla
Motors, Inc. ("Tesla" or the "Company") (NASDAQ:TSLA), announces
that a class action lawsuit has been filed in the United States District
Court for the Northern District of California on behalf of a class (the
"Class") comprising all purchasers of Tesla securities between May 10,
2013 and November 6, 2013, inclusive (the "Class Period").
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT 888-773-9224, OR AT 212-682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Tesla designs, develops, manufactures and sells electric vehicles and
electric vehicle powertrain components. The Complaint alleges that
during the Class Period the defendants misrepresented or failed to
Statements about the Model S's highest safety rating and lack of prior
fire incidents were materially misleading, due to undisclosed puncture
and fire risks in its undercarriage and lithium ion battery pack.
The Model S suffered from material defects which caused the battery
pack to erupt in flames under certain driving conditions.
Tesla's future sales, next generation Model X introduction, and stock
price were vulnerable to the inherent risk posed by the Model S's
The Company was unable to maintain sufficient automobile deliveries to
satisfy analyst concerns and compensate for other declining revenue
If you are a member of the Class described above you may move the Court
no later than January 7, 2014, to serve as lead plaintiff; however, you
must meet certain legal
If you wish to learn more about this action or have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at
888-773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Glancy Binkow & Goldberg LLP, New York, NY
Linkh, 212-682-5340 or 888-773-9224