How will Multiple Lawsuits Affect Tesla Stock Price?

Elon Musk saw this coming. In May 2022, he announced that Tesla was building a “h*#dcore litigation department” to “directly initiate and execute lawsuits.”

The legal strategy that emerged was, to put it charitably, creative. Tesla’s lawyers have repeatedly deployed a “corporate puffery” defense — arguing in court that Musk’s public claims about Autopilot and “Full Self-Driving” should not be taken seriously because they were “vague statements of corporate optimism” that are “not objectively verifiable.”

Initially the defense was effective. Not so much now. Maybe because Musk’s political activities affect jury pools?

More at link.

5 Likes

The actual estimate is $2.7 B to $14.5 B. It’s a range.

For a company with a near trillion dollar market cap, it’s lost in the roundoff.

intercst

2 Likes

Lawyers love to go after deep pockets and (some) judges like to help them. Par for the course. Don’t lose sleep over it.

The Captain

2 Likes