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    TSLA   US88160R1014

TESLA, INC.

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

11/22/2013 | 03:25pm EDT

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


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Financials (USD)
Sales 2021 50 065 M - -
Net income 2021 3 745 M - -
Net cash 2021 8 517 M - -
P/E ratio 2021 183x
Yield 2021 -
Capitalization 638 B 638 B -
EV / Sales 2021 12,6x
EV / Sales 2022 9,17x
Nbr of Employees 70 757
Free-Float 78,8%
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Technical analysis trends TESLA, INC.
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 36
Last Close Price 644,78 $
Average target price 684,34 $
Spread / Average Target 6,14%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
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