By now, most of us are tired of Elon’s grift. He lies and exaggerates like a child to make himself and his company seem remarkable, all in hopes of attracting more attention, investment and customers. Then he pushes his engineers to try to make the impossible happen. Unsurprisingly, they almost always can’t, because Musk’s lies are so far-fetched, meaning that he almost always fails to deliver. But to distract from that, Musk winds up another magnificent lie, and the cycle continues. I mean, with Tesla alone, we have already seen the Boring Company, Hyperloop, FSD, putting a million Robotaxis on the road by 2020, the New Roadster, the Cybertruck, the Model 2, the Tesla Semi, the Optimus bot, and God knows how many more broken promises we have all forgotten. I mean, remember when Musk said that a Model 3 would be an appreciating asset? But one lawsuit could stop this grift in its place.
This is a class action lawsuit of Tesla investors, who believe they bought Tesla stock at artificially inflated prices between April 19, 2023, and June 22, 2025, and want compensation for their losses. I know, boo hoo, Tesla investors losing money, who cares? But their losses could be huge, because they have receipts.
They claim that Musk, along with other Tesla executives, repeatedly made false and misleading claims about Tesla’s self-driving capabilities, not just to the public but also in their SEC filings. If you want to know why Tesla’s self-driving system, also known as FSD, sucks beyond belief and is wildly dangerous, read my previous article here. Effectively, they accuse Musk and these executives of hiding data that highlighted significant issues with FSD, hugely exaggerating its capabilities, and failing to discuss the risks associated with the system, such as its proclivity to drive illegally and dangerously. They say this drove unfounded interest in Tesla, artificially boosting its share price.
Then, Tesla rolled out its trial Robotaxi service in Austin this June, and spectators recorded the vehicles breaking traffic laws and driving incredibly dangerously multiple times a day. This was the moment these investors realised they had been duped; the technology they believed they were investing in did not exist. Because many of these investors had bought at previous peaks, this means they have lost significant sums of money due to Musk’s manipulations.
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