NEW ORLEANS, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 9, 2018 to file lead plaintiff applications in a securities class action lawsuit against Tesla, Inc. (NasdaqGS: TSLA), if they purchased the Company’s securities between August 7, 2018 and August 10, 2018, inclusive (the “Class Period”).  This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Tesla and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit  https://www.ksfcounsel.com/cases/nasdaqgs-tsla/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 9, 2018.

About the Lawsuit

Tesla and certain of its executives are charged with making materially false and misleading statements and/or failing to disclose material facts during the Class Period, violating federal securities laws. 

On August 7, 2018, Tesla CEO Elon Musk proclaimed via social media that “[a]m considering taking Tesla private at $420. Funding secured,” among other things.  On this news, Tesla shares soared to close at $379.57 that day.  On August 9, 2018, media reports highlighted a probe by the SEC into the veracity and nature of Musk’s statements as well as an investigation by Tesla’s Board of Directors into the “secured” funding. 

On this news, the price of Tesla’s shares plummeted.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163