Tesla is once again facing another potential class action lawsuit, this time over its robotaxi program. The lawsuit claims the company misled investors about the safety and readiness of its autonomous driving technology, inflating stock prices.
According to the lawsuit, announced last week by Levi & Korsinsky LLP, the plaintiffs argue that Tesla and several senior executives made false or misleading statements between April 19, 2023 and June 22, 2025, particularly about the performance of its Full Self-Driving (FSD) software and the rollout of its robotaxi program.
They claim these omissions and exaggerations artificially inflated Tesla’s stock price, leading to financial losses when issues with the robotaxi service later came to light.
Tesla officially launched its robotaxi fleet in Austin, Texas, on June 22, 2025. The program deployed Model Y vehicles equipped with a specialized version of FSD software to offer rides within a geofenced area.
According to the complaint, Tesla overstated the reliability of its autonomous driving system while failing to disclose significant risks. They allege the company did not warn them about the potential for unsafe operation or violations of traffic laws by its robotaxi fleet.
Tesla’s stock fell more than 10% over several trading sessions in the days after the launch of the robotaxi program follwing reports that robotaxis were observed breaking traffic laws on their first day of service. The National Highway Traffic Safety Administration (NHTSA) later confirmed it was reviewing videos of the events and requested additional information from Tesla.
The stock is now trading more than 30% higher than at the time of the launch. Additionally, the stock is up nearly 15% this year and 219% during the time in question.
So why did they file a lawsuit when Tesla’s stock climbed 219% during the period cited by the class action? The focus is on whether investors overpaid due to misleading statements about robotaxi readiness. The plaintiffs argue that when safety incidents and regulatory scrutiny came to light in June 2025, the stock dropped, causing real losses for those who bought at the alleged inflated prices.
