NEW YORK, Oct. 3, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Tesla Motors, Inc. ("Tesla" or the "Company") (NasdaqGS: TSLA) securities concerning possible violations of securities laws.
On August 19, 2013, Tesla issued a press release touting its Model S as having achieved the "best safety rating of any car ever tested" by the National Highway Traffic Safety Administration. Then on October 2, 2013, an analyst downgraded Tesla due to "execution risk." That same day, a Model S burst into flames following a purported collision, with reports indicating that the fire originated in the car's battery.
Shares of Tesla fell from a close of $193.00 per share on October 1, 2013, to a close of $180.95 per share the following day.
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If you own Tesla stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tesla-motors-tsla/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
SOURCE Levi & Korsinsky, LLP