According to foreign media reports, due to the thought that Musk and other senior executives had issued misleading news about Model 3 capacity, the shareholders filed Tesla in court in October last year. At present, Tesla is seeking a court to dismiss the shareholders' prosecution.
This Tesla suit was initiated in October last year and was initiated by investors who purchased Tesla shares from May 4, 2016 to October 6, 2017. They sought a class action lawsuit. Considered misleading statements by Musk and other Tesla executives, leading them to buy artificially pushed stocks.
In response to this lawsuit, Tesla filed an application to the court last Friday for rejection. In a document submitted to the San Francisco Federal Court of Justice, Tesla stated that they had issued a statement that Model 3 had encountered a capacity dilemma and that the language was also plain.
Tesla also mentioned in the documents submitted to the court that his CEO, Elon Musk, has repeatedly expressed his candid comments about Model 3's capacity bottleneck.
Tesla also acknowledged that Model 3 suffered from a number of production bottlenecks. From the production of battery packs at super battery plants to the assembly of California factories, Tesla did not try to cover up the truth.