Tesla, Musk Get Investor Lawsuit Over Self-Driving Tech Tossed

Tesla Inc. investors failed to adequately allege the electric vehicle company and its CEO Elon Musk misrepresented the safety and capability of its driver-assist systems, a federal court ruled Monday in a stock-drop suit.

Most of the challenged comments were either protected under a safe harbor for forward-looking statements, too general to be subject to suit, or not false when made, Judge Araceli Martínez-Olguín said for the US District Court for the US District Court for the Northern District of California. The investors who brought the proposed class action also failed to adequately show that Musk had the necessary level ...