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Rosen Law Firm Announces the Filing of Class Action Lawsuit on Behalf of Purchasers of Securities of Rivian Automotive, Inc Rosen Law Firm announced the filing of a class action lawsuit on behalf of purchasers of securities of Rivian Automotive, Inc. between August 12, 2022 and February 21, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If wish to serve as lead plaintiff, must move the Court no later than July 30, 2024. According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Rivian had overstated demand for its electric vehicles (“EVs”); (2) Rivian had concealed the negative effect inflation and higher interest rates were having on demand for its EVs; (3) the number of orders in Rivian’s order bank had decreased due to cancellations and other factors; (4) Rivian was failing to ramp up its production of EVs at the rate it claimed; (5) all the foregoing was likely to, and did, negatively impact Rivian’s anticipated earnings and vehicle production targets for 2024; and (6) as a result, Rivian’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages #evstocks #market #trading #inflation #interestrates

🚗🔍 Ever read the fine print and had your jaw drop to the floor? Well, Tesla’s done it again. The Cybertruck clause that says the company can sue you if you try to flip your ride—guess what? It might actually hold up in court. Imagine shelling out for that shiny, futuristic beast only to be smacked with a lawsuit the moment you decide to cash in on the resale market. Legal experts suggest this might be enforceable. Enforceable! Now, that opens an entire Pandora's box. So, let’s dive in, shall we? ### Reasons They Might Do This: - 🤔 **Control:** Tesla’s looking to protect its brand image by keeping Cybertrucks out of the hands of those they deem unworthy or merely opportunistic. - 💰 **Profit Conservation:** Preventing flipping keeps profits rolling directly into Tesla’s treasure chest, rather than lining someone else’s pockets. ### The Knock-On Effects: - ⚖️ **Legal wrangling:** Imagine a future where every car sale requires not just a handshake but a legal consultation. Talk about joyrides turned joyless. - 📉 **Impact on resale market:** What does this mean for the used car market? Are we looking at a freeze in the resale economy? - 🚗 **Consumer Trust:** How eagerly will people keep signing those dotted lines with Tesla’s ever-innovative legalities looming over them? ### My Prediction: If Tesla succeeds, expect other automakers to follow suit faster than we can say Model 3. User agreements will need a microscope to decode. Maybe it’s a strategy to stabilize supply during insane demand, but damage to consumer trust might just swerve Tesla into an unexpected PR pileup. ### Thoughts? 🤔 Is this just the start of much stricter controls over how we buy and sell our vehicles? Or an overreach that’ll rev up more grievances than goodwill? Buckle up. The future of auto ownership may be heading down a road none of us foresaw. https://lnkd.in/emdgfXDV

TESLA RECALLS 2 MILLION CARS! What a week for Tesla - first, the DMV finally calls out Elon Musk for the “full self driving” lie to which Elon says “duh, what took you so long?” Now, there has been a recall on over 2,000,000 Teslas to (try) to repair the faulty software! Truth is, Teslas are dangerous and full self driving is destructive and deadly. Phantom breaking, auto accelerating, and other issues have cost lives and well being of so many already! If you’ve been injured in or by a Tesla, contact us for a free consultation. Remember- no fee unless we win and your case depends on having experienced attorneys who know the ins and outs of Tesla’s dangerous little secrets! #tesla #elonmusk #FullSelfDriving #injury #lawyer #recall #automotive #personalinjury #sandiego #charleston #legal

Tesla has initiated legal action against Tesla Power India Pvt. Ltd. for trademark infringement, citing unauthorized use of the TESLA brand name. The lawsuit, filed in Delhi High Court, addresses concerns over Tesla Power India's planned entry into the electric vehicle market, which includes promotional advertisements. In a recent hearing, Tesla Power India committed to refraining from manufacturing or marketing EVs under the TESLA name. The next court session is scheduled for May 22. #Tesla #TrademarkInfringement #ElectricVehicles #LegalNews #ChatterjeeLawChambers #DelhiHighCourt #elonmusk #tesla #TeslaPower #Advocate #LitigationNews

Tesla owners are taking a stand! A class action lawsuit claims Tesla is making repairs and parts way too expensive by controlling the market. Find out more about the lawsuit and how it might affect you. #Tesla #ClassAction #ConsumerRights #ElectricVehicles

Hey everyone, did you hear about the latest news regarding Tesla? They're facing a lawsuit alleging monopolization of the repair and parts market. This is definitely something to keep an eye on, especially for anyone involved in the automotive industry. It brings up important questions about competition and consumer choice. Let's stay tuned for updates on this case. #Tesla #lawsuit #automotiveindustry https://ift.tt/ADR4F6P

Shifting Tesla incorporation to Texas may not give Musk what he wants: Filed under: Earnings/Financials,Government/Legal,Tesla Continue reading Shifting Tesla incorporation to Texas may not give Musk what he wants Shifting Tesla incorporation to Texas may not give Musk what he wants originally appeared on Autoblog on Sat, 3 Feb 2024 07:00:00 EST. Please see our terms for use of feeds. Permalink |  Email this |  Comments #car #cars #awesome

The recent legal battle between Tesla and an Indian battery manufacturer over brand infringement is an essential wake-up call for entrepreneurs like us in the EV industry. It vividly illustrates the critical role of intellectual property rights in the global market. While Tesla rightfully defends its brand, this case underscores the complexities we face in international business. It's a reminder of the urgent need for clear legal frameworks that encourage innovation and fair competition. Instances like this highlight why we must navigate legal landscapes diligently to protect our interests and maintain market integrity. #lml #InnovationProtection #LegalFrameworks #MarketIntegrity

💪 ⚡ Tesla vs Tesla ⚡ 💪 Elon Musk’s Tesla files trademark infringement case against Gurugram-based Tesla Power India. American based Billionaire 🤑 Elon Musk’s electric vehicle (EV) maker Tesla Inc filed a trademark infringement case against Gurugram-based Tesla Power India Ltd amid discussions of Tesla’s entry into India, a Delhi High Court ⚖️record showed on Friday.   Electric car 🏎️ giant Tesla is taking legal action against an Indian company called Tesla Power. They claim Tesla Power's use of the "Tesla" trademark in India is confusing customers and hurting their business. According to a report in The Economic Times, Tesla's lawyer argued that: 1.     Consumers are mistakenly associating Tesla Power batteries with Tesla Inc. (the American company). 2.     Tesla Power has advertised itself as an electric vehicle company in national newspapers, even using Tesla Inc.'s logo. 3.     Tesla is urging the court to stop Tesla Power from using the "Tesla" trademark.   Indian Court Puts Hold on Tesla Power's EV Ads in Trademark Dispute.   The Indian High Court has issued a temporary order against Tesla Power⚡. The company is prohibited from releasing any new promotional materials for electric vehicles (EVs) that use a trademark resembling Tesla Inc. This order is in place until the next court hearing on May 22nd.   Interestingly, the court noted that Tesla Inc. had been aware of Tesla Power's use of the trademark since 2020 and had been in communication with them about it. This raises questions about why 🤔Tesla waited so long to take legal action❓   Tesla Power clarified that it does not produce EV’s or EV Batteries🔋, but sells lead-acid batteries used in traditional vehicles and inverters.   Kavinder Khurana, Chairman of Tesla Power India, said that the company will not manufacture or market its EV under Tesla name, but they have partnership with a US based firm, said the report. Khurana said his company had no intention to venture into the EV market and explained that the advertisement displaying the Tesla trademark was associated with another company, e-Ashwa, with whom Tesla Power has a strategic partnership for the sale of branded products. What will be the decision taken by Delhi High Court? What are your thoughts upon this dispute? #linkedindaily #blogpost #tesla #elonmusk #teslapower #dispute #delhi #highcourt #law #complaint #lawsuite #electricvehicle #batteries

Tesla has sued EVject over safety risks, false advertising, trademark dilution, and unlawful trade practices. Join us at the #MexicoBusinessSummit on Nov 26-28, 2024, to explore the latest industry trends and innovations! #MexicoBusinessNews #MexicoAutomotive