Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla Inc.    TSLA

TESLA INC.

(TSLA)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tesla Motors Inc : Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Tesla Motors, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/22/2013 | 03:25pm EST

Glancy 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 disclose that:

  • 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 design flaws.
  • The Company was unable to maintain sufficient automobile deliveries to satisfy analyst concerns and compensate for other declining revenue streams.

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 requirements.

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 to shareholders@glancylaw.com, 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
Michael Goldberg, 888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, 212-682-5340 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TESLA INC.
05:19aTESLA : to Invest Up to EUR4 Billion in German Factory -Bild Am Sonntag
DJ
12:41aTESLA : Ford bets on an electric Mustang to charge its turnaround
RE
12:34aTESLA : Ford bets on an electric Mustang to charge its turnaround
RE
11/15Week ahead on Wall Street
RE
11/15TESLA : Volkswagen says it has no plans to cooperate with Tesla
RE
11/15NEWS HIGHLIGHTS : Top Company News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials (USD)
Sales 2019 24 350 M
EBIT 2019 -223 M
Net income 2019 -841 M
Debt 2019 7 417 M
Yield 2019 -
P/E ratio 2019 -73,7x
P/E ratio 2020 242x
EV / Sales2019 2,91x
EV / Sales2020 2,40x
Capitalization 63 477 M
Chart TESLA INC.
Duration : Period :
Tesla Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TESLA INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 33
Average target price 289,43  $
Last Close Price 352,17  $
Spread / Highest target 50,5%
Spread / Average Target -17,8%
Spread / Lowest Target -54,6%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TESLA INC.5.82%63 477
TOYOTA MOTOR CORPORATION26.63%203 941
VOLKSWAGEN AG32.06%101 042
DAIMLER AG10.39%59 898
BMW AG5.45%53 150
GENERAL MOTORS COMPANY10.28%52 708