Wednesday, August 6, 2025

Tesla, Elon Musk sued by shareholders over Robotaxi claims

Ilon Musk and Tesla face a lawsuit from shareholders. They allege securities fraud related to self-driving vehicles. The suit claims Tesla concealed safety risks. A recent robotaxi test showed vehicle malfunctions. Tesla's stock price dropped significantly after the test. Musk and Tesla are accused of overstating autonomous driving capabilities. The lawsuit seeks damages for shareholders during a specified period.

from Tech-Economic Times https://ift.tt/ALdKZ13

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BlueStone cuts IPO size to Rs 820 crore, to launch issue on August 11

BlueStone has scaled back its IPO size, aiming to raise Rs 820 crore in primary capital, less than the initially planned Rs 1,000 crore. The...