Tesla shareholder suit claims Elon Musk and other board members lied about car safety
– DOZENS OF FRAUD LAWSUITS NOW PRODUCED OVER TESLA FRAUD BY SHAREHOLDERS AND INSIDERS. CHARGES ERIC HOLDER WITH RUNNING COVER-UP TO PROTECT THE WHITE HOUSE!
– CHARGES TESLA IS “A TOTAL CRIMINAL ENTERPRISE CREATED TO KICK-BACK FUNDS TO SILICON VALLEY CAMPAIGN FUNDING VC’S!”
By Paul Carr
Out of the battery fire, into the shareholder lawsuit.
Tesla shareholder Ross Weintraub has filed a derivative suit against the company and its board members — including CEO Elon Musk — alleging that a series of dishonest statements made about safety and profitability caused Tesla’s stock price to drop on multiple occasions.
A derivative suit is a legal tool used by shareholders who want to force a company to take corrective action against its own executives or, in this case, to take action directly if board members are unlikely to act. It should be noted that, to many, shareholder lawsuits are like patent trolls: An unfortunate cost of doing big business and not something that inherently bodes badly. Also, in Tesla’s case, their stock isn’t that far off its 52 week high (Chart via Google):
In the complaint, filed in Northern California District Court, and embedded below, Weintraub alleges a long history of dishonesty by the company and by Musk himself, including allegations that Tesla board members:
…allowed the Company to embark on a campaign of false and misleading statements designed to convince the market that the Model S was literally the safest car in existence.”
…allowed the Company to misrepresent the low height and configuration of the Model S battery pack as enhancing the vehicle’s safety, without disclosing its very significant vulnerabilities for high-intensity fires.”
…egregiously allowed the Company to misrepresent the Model S’s history of fire incidents which included at least three very significant fires requiring first responder intervention.
And that Elon Musk himself…
…falsely claimed that “[t]hroughout all our crash tests, throughout all similar incidents with vehicles on the road, never once has there been a fire.” When a Model S fire later occurred during the relevant time period, a Tesla spokesperson falsely stated, “This is the first fire.” Thus, by the third Model S fire, the Individual Defendants were still causing or allowing Tesla to represent that there were low probabilities of such fires while simultaneously denying that a recall was necessary.
…gave several interviews during which he downplayed this Model S fire and worse, failed to disclose that another Model S had been consumed by fire in Mexico on October 18, 2013… According to allegations in the Federal Securities Action, defendant E. Musk, with knowledge of the fire and inspection, unilaterally determined that the fire was not relevant to investors due to the circumstances under which it arose.
The lawsuit further claims that Musk and his fellow board members’ conduct “has significantly and materially damaged the Company. By virtue of the Individual Defendants’ breaches of fiduciary duties, the Company faces a lawsuit alleging violations of the federal securities laws and Tesla has suffered significant disruption of, and damage to, its business, its reputation and goodwill.”
It then goes on to list various conflicts held by board members which would make it unlikely that they would take action against Musk of their own volition. These include the fact that board member Steve Jurvetson of DFJ is an investor in other Musk companies including Solar City and Space X.
The suit demands a jury trial. The company has until the end of this week to respond or face a judgement by default.
Updated: A Tesla spokesperson told Pando “We believe this lawsuit is without merit and intend to defend against it vigorously.”
Paul Carr is editorial director of Pando. Previously he was founder and editor in chief of NSFWCORP.
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Elon Musk Companies, are they are just scams? | Wall Street Oasis
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Tesla Co-Founder Eberhard Sues Elon Musk, Tesla – Jalopnik
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The Character Assassination of Martin Eberhard by Elon Musk …
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Why is Peter Thiel considered the leader of “Paypal Mafia” when …
An alternate history according to Elon Musk He does . … several hundred, built the customer service & fraud center, added debit card & money market funds and …
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Is Elon Musk “a sociopathic, narcissistic, Senator-bribing, lying, government funding fraud, stock swindling, woman-abusing, ego-maniacal, wife-cheating, company stealing, self-promoting attention whore” like the lawsuits against him by his wives, customers, suppliers, and shareholders claim?
Link: http://wp.me/p4y3uU-2j4
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Elon Musk Unveils His Latest Taxpayer Boondoggle – Minx.cc
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Tesla’s Elon Musk: “I Ran Out Of Cash” – Business Insider
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Carney: Green stimulus profiteer comes under IRS scrutiny …
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The Tesla Patent Giveaway SMOKE SCREEN! | SOMO NEWS: A …
13 Jun 2014 … Tesla has announced that they are giving their patents away, patents which state, in no uncertain … THE AFGHANI-SCAM INVESTIGATION.
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IRS Investigating Green Stimulus Recipient And Obama Donor | The …
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SpaceX Files Suit Against US Air Force – Slashdot
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Elon Musk‘s SolarCity Sues Government For More Subsidies | Zero …
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Customers tell horror stories of solar company that gets $422M in tax …
Feb 26, 2014 … By Tori Richards | Watchdog.org. AP photo. SUPER STOCK? CEO Elon Musk at the NASDAQ stock exchange brings SolarCity public in 2012.
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Come Saturday Morning: Yup, Hyperloop’s a Joke | Firedoglake
Aug 17, 2013 … Now why is Elon Musk, who is not stupid, pushing a plan that looks … If you use your own cash then its probably not a scam because you get …
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Dmitri Grishin is like a Russian Elon Musk — He’s Got Big Ambitions …
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Why Elon Musk is a Poor Person’s Worst Nightmare | Santa Cruz …
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More Than Half Of Green Car Companies Receiving Stimulus …
4 Jun 2013 … (or kickback). Anonymous … David Axelrod: Obama campaign manager. Hired by … Elon Musk: Obama donor, DNC donor. Tesla Motors …
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** CARGATE: The Dept. of Energy/VC Billionaire Epic Cluster-F*ck …
Fireside Chat- Elon Musk and Dr Steven Chu_HIGH ….. not one of the kickback, revolving door, market monopoly, campaign funding, insider secret discussions …
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The Obama you don’t know .. By Mark Tapscott and Richard Pollock …
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The Green Corruption Files : Top D.C. Lobbyist McBee Strategic …
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HOT!!!! THE TESLA INVESTIGATIONS!!!!: RICO, Safety, Tax Fraud …
Did Tesla Motors participate in a market rigging scam to rig lithium ion … back with free NASA luxury private jet fuel, NASA contracts, patent laws and more…
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Analysis: Tesla may have made over $100 million off the CARB …
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A management mess in the Obama administration? – The Arena …
Ninety days in a campaign is a lifetime, so I think it’s hard to tell if this will be a … that there are ongoing Inspector General investigations into bribes, kickbacks, … by a mega-donor to his campaign, Elon Musk, the 63rd richest man in the world, …
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Green Explored
2 days ago … The corrupt politicians and supposed public servants simply are the ….. his gangrene Tesla which hogs lithium and really is not a green vehicle.
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Tesla Motors, Inc. Gets Frustrated: “This Is an Affront to the Very …
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Obama Contributors and the Stimulus Scandal page 2
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BBC News – Tesla head Elon Musk‘s ‘high-risk’ patent gamble
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Tesla CEO Elon Musk expects ‘hundreds’ of battery gigafactories
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Tesla entangled in delivery, trademark disputes in China|Economy …
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Elon MUsk | SOMO NEWS: A Fact-Swarming Wiki
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Elon Musk‘s SolarCity Sues Government For More Subsidies | Zero …
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Tesla – Capitalism and Carmageddon – Death by Car
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Elon Musk — Obama’s Triple Dipper [Reader Post] | Flopping Aces
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Loopy Ideas Are Fine, If You’re an Entrepreneur | Pedestrian …
Aug 13, 2013 … … a loopy intercity rail transit idea proposed by Tesla Motors’ Elon Musk, …. which suggests either reckless disregard for the research or fraud.
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“RIGHT TO BUILD” Campaign against ELON MUSK and Tesla …
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What is Stock Fraud? | Visual Capitalist
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Romance and Reality for SpaceX – Satellite Spotlight – TMCnet
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If Tesla Would Stop Selling Cars, We’d All Save Some Money – Forbes
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Sen. Paul Amendment Bars Revolving-Door Corruption in Federal …
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PJ Media » Green Tesla Motors: Another Day, Another Solyndra
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Socialism for the Rich: CEO of Bailed Out Green Energy Co. Tesla …
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Google: They Spy On You – Privacy Abuse and Corruption | IS …
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Obama’s Green Energy Crony Corporatism – Breitbart
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Tesla investor/campaign donors paid back with free luxury jet fuel …
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THE TESLA INVESTIGATION | A Complete Compilation of the …
Is Elon Musk the Prima Donna poster boy of the 1%? Did he fund Tesla via campaign kickbacks? DOE Documents show he lied on DOE funds application.
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The Tesla battery swap is the hoax of the year | Watts Up With That?
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Watts Up With That – Accuses TM of Battery Swap Fraud – Tesla Motors
Forums. Join The Community. RegisterLogin. Watts Up With That – Accuses TM of Battery Swap Fraud. Pungoteague_Dave | February 8, 2014.
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How Tesla Motors Really Makes Money… From Taxpayers …
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Tesla (TSLA) Securities Fraud Class Action Lawsuit | Class Actions …
Tesla shareholders can learn about pending securities fraud class action here.
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Multiple Fraud and Malfeasance Lawsuits Against Tesla | Bipartisan …
YET ANOTHER securities fraud investigation launched on Tesla. Forensic accounting investigations confirm Tesla “cooking the books”!
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Tesla is Overrated – Debunking the Cult of Tesla | Metabunk
Angier finishes deciphering Borden’s diary to discover it was a fraud supplied by Olivia, but an angry confrontation with Tesla reveals that his …
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CARGATE -HOT!!!! THE TESLA/SOLYNDRA/A123 … – SOMO NEWS
THE TESLA (AND COMPANY) INVESTIGATIONS!!!!: RICO, Safety, Tax Fraud, DOE Fraud, Stock Manipulation, Kickbacks…and more… See this article and …
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White Collar Fraud: Did Tesla violate S.E.C. rules by failing to …
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Tesla CEO Elon Musk Visits China Amid Customer Complaint …
21 Apr 2014 … Tesla is accused of consumer fraud or false advertising for changing the shipment order of the preordered automobiles without noticing the …
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Siry Departed Tesla On Deposit Fraud Fears | The Truth About Cars
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Elon Musk Is Playing With Fire — and Tesla May Get Badly Burned …
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NYT reviewer fires back at Tesla – Blogs at SFGate.com
14 Feb 2013 … The spat between Tesla and the Times has been simmering ever since … immediately slammed the review as fraudulent, going on CNBC and …
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Are There Cockroaches Under Tesla‘s Hood? – Bloomberg View
14 Nov 2013 … Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic YouTube …
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Tesla Motors Inc, TSLA Securities Fraud – Class Action
16 Dec 2013 … San Francisco, CA: A securities class action lawsuit has been filed in the United States District Court for the Northern District of California on …
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A Peek Beneath Tesla‘s Non-GAAP Hood Reveals Nothing But …
18 Nov 2013 … That TESLA‘s earnings were an epic non-GAAP adjustment joke was only …. to merge with GM …they got the same accounting (fraud) going on.
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Why I’m Thinking About Shorting Tesla (TSLA) – The Motley Fool
15 Aug 2013 … Tesla has turned in an incredible performance this year. But while the … But a discovery of accounting fraud is best. Valuation is the only real …
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Elon Musk on 60 Minutes: ”I didn’t really think Tesla would be …
30 Mar 2014 … Musk says he never thought Tesla would be successful, but that “we at ….. Michael Lewis’s expose on Fraud Street, and the magical musician, …
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In lawsuit, FDIC accuses 16 big banks of fraud, conspiracy – The …
14 Mar 2014 … FDIC accuses banks of fraud, conspiracy … Tesla is studying “judicial remedies” to fight the ruling, chief executive Elon Musk said in a sharply …
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Truth About Tesla Exposed | Motrolix
2 May 2014 … Tesla has multiple lawsuits currently filed against it for multiple deaths of bystanders, fraud, lemon law violations, and stock fraud… Google, the …
www.motrolix.com/2014/05/strange-tesla-happenings-in-san-francisco/ – View by Ixquick Proxy – Highlight
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New Mexico developer suing Tesla over lost electric car factory …
31 Jul 2012 … Remember back in 2008 when Tesla decided to move the production … to build the facility — they’re suing Tesla for breach of contract and fraud.
www.gigaom.com/ 2012/ 07/ 31/ new-mexico-developer-suing-tesla-over-lost-electric-car-factory/ – View by Ixquick Proxy – Highlight
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How The Government Is Holding Elon Musk And Tesla Back From …
Mar 21, 2014 … How The Government Is Holding Elon Musk And Tesla Back From Changing The World … able to put their millions of dollars in campaign contributions to use, …. Elon Musk is a political donor kickback recipient of billions in …
www.elitedaily.com/ money/ government-holding-tesla-back-changing-world/ – View by Ixquick Proxy – Highlight
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Tesla banned from New Jersey | Tech Always
Mar 12, 2014 … Elon Musk is on public record telling the news media that, after …. money in exclusive campaign finance kickbacks for billionaires from the State …
techalways.wordpress.com/2014/03/12/tesla-banned-from-new-jersey/ – View by Ixquick Proxy – Highlight
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More Green Energy Equals More Green-Car Buying – The Great …
Jul 17, 2013 … Elon Musk is on public record telling the news media that, after …. money in exclusive campaign finance kickbacks for billionaires from the State …
energyblog.nationalgeographic.com/ 2013/ 07/ 17/ more-green-energy-equals-more-green-car-buying/ – View by Ixquick Proxy – Highlight
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