SAN FRANCISCO, Aug. 8, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Tesla, Inc. (NASDAQ: TSLA) to the firm's investigation into possible disclosure violations. If you sold shares short or purchased put options in Tesla, Inc. on or before August 7, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On August 7, 2018, Tesla's CEO, Elon Musk, reportedly tweeted, "Am considering taking Tesla private at $420. Funding secured."
This news drove the price of Tesla shares up as much as $45.47, or over 13%, during intraday trading that day.
"We're focused on whether the CEO's statement that 'funding is secured' was true or reasonably believed and, if not, whether it caused damages to investors who were short the stock or held put options," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Tesla should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email TSLA@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP