Tesla and its CEO, Elon Musk, are facing a class-action lawsuit from shareholders alleging securities fraud related to the company’s autonomous vehicle technology, specifically its Robotaxi service. The lawsuit, filed in Texas, claims that Tesla misled investors about the safety of its self-driving vehicles. This follows incidents during a June 2025 public test of Tesla’s autonomous vehicles, which reportedly displayed unsafe behavior, including speeding, erratic braking, and veering into incorrect lanes.
The legal action targets Tesla shareholders who purchased shares between April 19, 2023, and June 22, 2025, and seeks unspecified damages. The case adds to Tesla’s ongoing legal battles concerning its Autopilot system. Earlier, a Florida court ordered Tesla to pay $243 million in damages after a jury found the Autopilot system defective in a fatal 2019 crash. Tesla has announced plans to appeal this decision, but the ruling has raised significant concerns among regulators and investors regarding the safety of Tesla’s autonomous driving technologies and the future of its Robotaxi plans.
This legal scrutiny could influence investor confidence in Tesla’s stock, which recently stood at $308.72 per share, reflecting a minor decline. The ongoing litigation and regulatory challenges regarding Tesla’s autonomous vehicle systems may impact the company’s ambitions for robotaxi services and its broader regulatory approvals.
