With plaintiffs lawyers hawk-eyeing Tesla Inc. over founder and CEO Elon Musk’s recent Twitter activity—not to mention the SEC’s reported interest in the tweets implying Musk had “go-private” financing lined up—the electric car maker got some welcome news Monday on the securities litigation front.

A federal judge in San Francisco granted a motion to dismiss filed by Tesla’s lawyers at Fenwick & West related to claims the company misled investors about its ability to meet goals of producing 5,000 of its mass-market “Model 3″ per week by the end of 2017.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]