Nov. 6, 2013
/PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Tesla Motors, Inc. ("Tesla" or the "Company") (NasdaqGS: TSLA). Such investors are advised to contact
or his investor Relation's coordinator
The investigation concerns whether Tesla and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On
August 19, 2013
, Tesla issued a press release touting its Model S as having achieved the "best safety rating of any car ever tested" by the National Highway Traffic Safety Administration. ("NHTSA"). Then on
October 2, 2013
, an analyst downgraded Tesla due to "execution risk." That same day, a Model S burst into flames after hitting road debris in
, Washington. Reports indicated that the fire originated in the car's battery. Then on
October 17, 2013
, a Model S sped into a roundabout, crashed through a concrete wall and hit a tree. The driver fled the scene before the car went up in flames. The U.S. automotive Web site Jalopnik reported the story, citing from an
October 18, 2013
Mexican newspaper Progreso Hoy. Then on
November 6, 2013
shares of Tesla fell
or 14.56% during intraday trading to trade at
after reporting disappointing third quarter earnings the previous night.
If you are aware of any facts relating to this investigation, or purchased shares of Tesla, you can assist this investigation by contacting
or his Investor Relations Coordinator
of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.