How to FACT CHECK and VALIDATE EVERY data point on this Wiki yourself
* Go to Ask.com, Yahoo, Bing, Duck Duck Go (They each will give different results) and type in any name on this site plus add the words:
DOE Investigation
Washington Corruption
Senate Investigation
DOE GAO Investigation
DOE Loan
Solyndra
Crony Politics
Tesla Fires
or search any name plus a mix of the words (IE Google: “DOE Corruption Westley”)
etc, and see what you get. (IE Google: “Steve Spinner DOE Solyndra”)
* Every item on this site was provided by a reporter from a major news service including: CBS News, LA Times, Washington Post, New York Times, Bloomberg, Seeking Alpha, National Legal and Policy Center, Wall Street Journal, USA Today, CSPAN, The Hill, The Bulletin, Detroit Free Press, Politico, Forbes, Daily Caller, SF Gate, 60 Minutes and others.
* Over 18 different current and former employees of Tesla confirmed or input on all parts of the data in this site.
* Go to the California courts websites and related sites and read the law suit filings by Tesla founder Marty Eberhard against Elon Musk.
* Many of the items in this report have been published by the Federal GAO investigation team (The published GAO reports referencing “favoritism” were specifically referring to Tesla and Fisker) , MULTIPLE Senate investigation committees, SEC filings, The Auditor General, and community justice 501 C 3’s. You can read their reports freely online and you can also see the details behind those reports by filing a FOIA request.
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Pomerantz Law Firm Has Filed a Class Action Against Tesla Motors, Inc. and Certain Officers — TSLA
NEW YORK, Nov 08, 2013 (GLOBE NEWSWIRE via COMTEX) — Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against Tesla Motors, Inc. (“Tesla” or the “Company”) TSLA -2.22% and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 3:13-cv-05216, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Tesla securities between May 10, 2013 and November 6, 2013 both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
If you are a shareholder who purchased Tesla securities during the Class Period, you have until January 7, 2013 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com . To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
Tesla designs, develops, manufactures, and sells electric vehicles, including its flagship Model S, and electric vehicle powertrain components. The Complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose material adverse facts about the Tesla’s business, including: (1) Tesla’s statements about the Model S’s highest safety rating and its lack of prior fire incidents were materially misleading, due to undisclosed puncture and fire risks in its undercarriage and lithium ion battery pack; (2) the Model S suffered from material defects which caused the battery pack to ignite and erupt in flames under certain driving conditions; (3) Tesla’s future sales, its next generation Model X introduction, and its stock price were extremely vulnerable to the inherent risk posed by the Model S’s undercarriage and battery pack design flaws; (4) Tesla was unable to maintain a level of automobile deliveries sufficient to satisfy analyst concerns and compensate for other declining revenue streams; and, (5) as a result of the foregoing, Tesla’s public statements were materially false and misleading at all relevant times.
On October 2, 2013, a video of a Model S burning on the roadside was widely circulated, which Tesla attributed to a collision with road debris. The same day, Tesla was downgraded by an analyst who pointed to significant execution risks it faced. On this news, Tesla shares declined $12.05 per share, or more than 6%, to close at $180.95.
On October 28, 2013 a second Model S fire occurred in Mexico, which Tesla blamed on the car’s rate of speed and its crash into a tree. On this news, Tesla shares fell $7.32 per share, or more than 4.3% to close at $162.86 on October 28, 2013.
Tesla’s stock closed at $176.81 on November 5, 2013. That day, after hours, Tesla announced its Q3 2013 results, which failed to meet analyst expectations on key metrics, including rate of vehicle deliveries. On November 7, 2013, Tesla confirmed a third Model S fire, caused by impact with road debris during normal driving conditions. On this news, Tesla shares opened at $154.81 on November 6, 2013 – $22.00 per share (12.44%) lower than the prior day’s closing price, and declined on November 6-7, 2013 to $139.77.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com .
