Tesla shareholders sue company and CEO Elon Musk over Robotaxi claims
Elon Musk and
Tesla
are facing a lawsuit from the shareholders of the electric vehicle-making company. In the lawsuit, shareholders accused the EV maker and its CEO of securities fraud, alleging that the company concealed significant safety risks associated with its self-driving vehicles, including the
Robotaxi
. According to a report by the news agency Reuters, the proposed class action lawsuit was filed in the federal court of Austin, Texas. It follows Tesla's first public test of its robotaxis in late June, which reportedly showed the vehicles speeding, braking abruptly, driving over curbs, entering incorrect lanes, and dropping off passengers in the middle of multi-lane roads.
What Tesla shareholders said about the company's Robotaxi service
As per the Reuters report, Tesla shareholders have alleged that the company exaggerated the capabilities of its autonomous driving technology, thereby overstating its business outlook and inflating its stock value. However, the company's stock declined by 6.1% across two consecutive trading sessions following the start of the test. The lawsuit aims to recover unspecified damages for investors who held shares between April 19, 2023, and June 22, 2025, Reuters added.
The lawsuit comes after Musk teased the launch of Tesla's robotaxi service in San Francisco last week. The service's expected expansion will follow a limited pilot in Austin, Texas, where a small fleet of vehicles started operating within a geofenced area.
In San Francisco, the initial operational zone is expected to cover the broader Bay Area. Select Tesla owners have received early invitations, and the launch has reportedly also been moved up.
Expansion plans for this service even include states like Nevada, Arizona, and Florida, but broader deployment depends on obtaining regulatory approvals. In California, Tesla has yet to complete the permit process required for full driverless services, with state agencies emphasising safety evaluations.
The service is said to be introduced on an invite-only basis that will allow Tesla to manage safety, collect data, and meet compliance standards. This phased approach reflects the company's cautious strategy amid regulatory and technical challenges.
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India Today
10 minutes ago
- India Today
Putin remains doubtful of Trump's ultimatum to end war, sources say
Russian President Vladimir Putin is unlikely to bow to a sanctions ultimatum expiring this Friday from U.S. President Donald Trump, and retains the goal of capturing four regions of Ukraine in their entirety, sources close to the Kremlin told has threatened to hit Russia with new sanctions and impose 100% tariffs on countries that buy its oil - of which the biggest are China and India - unless Putin agrees to a ceasefire in Russia's war in determination to keep going is prompted by his belief that Russia is winning and by scepticism that yet more U.S. sanctions will have much of an impact after successive waves of economic penalties during 3-1/2 years of war, according to three sources familiar with discussions in the Kremlin. The Russian leader does not want to anger Trump, and he realises that he may be spurning a chance to improve relations with Washington and the West, but his war goals take precedence, two of the sources goal is to fully capture the Ukrainian regions of Donetsk, Luhansk, Zaporizhzhia and Kherson, which Russia has claimed as its own, and then to talk about a peace agreement, one of the sources said."If Putin were able to fully occupy those four regions which he has claimed for Russia he could claim that his war in Ukraine had reached his objectives," said James Rodgers, author of the forthcoming book "The Return of Russia".The current talks process, in which Russian and Ukrainian negotiators have met three times since May, was an attempt by Moscow to convince Trump that Putin was not rejecting peace, the first source said, adding that the talks were devoid of real substance apart from discussions on humanitarian says it is serious about agreeing a long-term peace in the negotiations but that the process is complicated because the two sides' stances are so far apart. Putin last week described the talks as stated demands include a full Ukrainian withdrawal from the four regions and acceptance by Kyiv of neutral status and limits on the size of its military – demands rejected by a sign that there may yet be an opportunity to strike a deal before the deadline, Trump's special envoy Steve Witkoff is expected to visit Russia this week, following an escalation in rhetoric between Trump and Moscow over risks of nuclear war. On Monday, Russia said it was no longer bound by a moratorium on short- and medium-range nuclear Kremlin did not respond to a request for comment for this story. All the sources spoke to Reuters on condition of anonymity because of the sensitivity of the who in the past has praised Putin and held out the prospect of lucrative business deals between their two countries, has lately expressed growing impatience with the Russian president. He has complained about what he called Putin's "bullshit" and described Russia's relentless bombing of Kyiv and other Ukrainian cities as "disgusting".The Kremlin has said it noted Trump's statements but it has declined to respond to Prime Minister Yulia Svyrydenko last week called on the world to respond with "maximum pressure" after the worst Russian air strike of the year killed 31 people in Kyiv, including five children, in what she called Russia's response to Trump's deadline."President Trump wants to stop the killing, which is why he is selling American-made weapons to NATO members and threatening Putin with biting tariffs and sanctions if he does not agree to a ceasefire," White House spokeswoman Anna Kelly said in response to a request for ADVANCEThe first source said Putin was privately concerned about the recent deterioration of U.S. ties. Putin still retains the hope that Russia can again befriend America and trade with the West, and "he is worried" about Trump's irritation, this person with Moscow's forces advancing on the battlefield and Ukraine under heavy military pressure, Putin does not believe now is the time to end the war, the source said, adding that neither the Russian people nor the army would understand if he stops the author, said Putin has invested his political reputation and legacy in the war in Ukraine."We know from his previous writings and statements that he sees himself as part of a strong tradition of standing up to the West and the rest of world to defend Russia's interests," he Kremlin leader values the relationship with Trump and does not want to anger him, however, "he simply has a top priority - Putin cannot afford to end the war just because Trump wants it," the second Russian source said.A third person familiar with Kremlin thinking also said Russia wanted to take all four regions and did not see the logic in stopping at a time of battlefield gains during Russia's summer has suffered some of its biggest territorial losses of 2025 in the past three months, including 502 square kilometres in July, according to Black Bird Group, a Finland-based military analysis centre. In total, Russia has occupied around a fifth of military General Staff has told Putin that the Ukrainian front will crumble in two or three months, the first person Russia's recent gains remain relatively minor in purely territorial terms, with only 5,000 square kilometres (1,930 square miles) of Ukraine taken since the start of last year, less than 1% of the country's overall territory, according to a June report from the Center for Strategic and International Studies, a Washington-based think and Western military sources, acknowledge that Russia is making gains, but only gradually and with heavy casualties. Russian war bloggers say Moscow's forces have been bogged down during its current summer offensive in areas where the terrain and dense urban landscape favoured Ukraine, but assess that other areas should be faster to take.'HE'S MADE THREATS BEFORE'Trump's sanctions threat was "painful and unpleasant," but not a catastrophe, the second source said. The third source said there was a feeling in Moscow that "there's not much more that they can do to us".It was also not clear if Trump would follow through on his ultimatum, this person said, adding that "he's made threats before" and then not acted, or changed his source also said it was hard to imagine that China would stop buying Russian oil on instructions from Trump, and that his actions risked backfiring by driving oil prices a consequence of previous rounds of sanctions, Russian oil and gas exporters have taken big hits to their revenues, and foreign direct investment in the country fell by 63% last year, according to U.N. trade data. Around $300 billion of central bank assets have been frozen in foreign Russia's ability to wage war has been unimpeded, thanks in part to ammunition supplies from North Korea and imports from China of dual-use components that have sustained a massive rise in weapons production. The Kremlin has repeatedly said that Russia has some "immunity" to has acknowledged Russia's skill in skirting the measures. "They're wily characters and they're pretty good at avoiding sanctions, so we'll see what happens," he told reporters at the weekend, when asked what his response would be if Russia did not agree to a first Russian source noted that Putin, in pursuing the conflict, was turning his back on a U.S. offer made in March that Washington, in return for his agreement to a full ceasefire, would remove U.S. sanctions, recognise Russian possession of Crimea - annexed from Ukraine in 2014 - and acknowledge de facto Russian control of the territory captured by its forces since source called the offer a "fantastic chance," but said stopping a war was much more difficult than starting it.- EndsMust Watch
Hindustan Times
an hour ago
- Hindustan Times
U.S. Sells $1 Billion in Arms to Europe for Ukraine, Sealing Shift in Approach
In one of the clearest demonstrations to date of how the West's approach to arming Ukraine against Russia is shifting under President Trump, four European countries are buying U.S. military equipment valued at roughly $1 billion for delivery to Kyiv's forces. The purchases, in two separate transactions coordinated by NATO, are expected to be the first of many funded by European governments and Canada following an agreement in principle earlier this summer. Trump has balked at providing U.S. weapons directly to Ukraine, as the Biden administration did, but he has signaled openness to selling the embattled country American arms. Trump and his senior officials have also said that Europe should shoulder more of the burden of supporting Ukraine because it is closer to them, and the U.S. is focused on China and the Pacific. The Netherlands on Monday agreed to the first $500 million purchase, and a consortium of Denmark, Sweden and Norway on Tuesday agreed to a similar purchase. The deals were coordinated by the North Atlantic Treaty Organization following an agreement at the White House on July 14 between Trump and NATO Secretary-General Mark Rutte and earlier discussions among leaders at NATO's annual summit in June. President Trump meets with NATO Secretary General Mark Rutte, where Trump announces a deal to send U.S. weapons to Ukraine through NATO, in Washington in July. REUTERS/Nathan Howard/File Photo 'This is about getting Ukraine the equipment it urgently needs now to defend itself against Russian aggression,' said Rutte, a former Dutch prime minister. NATO and Ukraine have established a shopping list of Kyiv's requirements for lethal and nonlethal equipment, dubbed the Prioritized Ukraine Requirements List. NATO, Ukraine and NATO's Supreme Allied Commander Europe, U.S. Gen. Alexus Grynkewich, will ensure the packages meet Kyiv's needs. NATO is dividing the list into packages valued at roughly $500 million apiece Governments are making financial commitments toward the packages and NATO, which has pledged 'rapid delivery from U.S. stockpiles' will coordinate delivery of the arms to Ukraine. Rutte said he had 'written to all NATO Allies, urging them to contribute toward this burden sharing initiative, and I expect further significant announcements from other Allies soon.' Deliveries of American weapons to Kyiv that were authorized by the Biden administration are still flowing across the border from Poland. Some of those weapons—primarily munitions like Patriot air-defense interceptors—were paused in June as part of a Pentagon review of U.S. munitions stockpiles. But those deliveries have since resumed, officials said. As part of the effort to arm Ukraine, the U.S. struck an agreement with Berlin under which Germany would send additional Patriot air-defense systems to Kyiv. Ukraine is set to receive the first two of these systems in the coming days, the German government announced Friday. In exchange, Germany will be the first nation to receive the newest Patriot systems off the U.S. production line at 'an accelerated pace,' according to a release from the German government. To facilitate this agreement, the Pentagon moved Germany ahead of Switzerland in the queue for the next Patriots, The Wall Street Journal previously reported. The U.S. plans to reshuffle future Patriot deliveries as additional countries sign on to send the systems from their arsenals to Ukraine, a senior U.S. official said. Write to Daniel Michaels at and Lara Seligman at
India Today
3 hours ago
- India Today
Zelensky, Trump Discuss Ceasefire, Sanctions, and Major Drone Deal
Ukrainian President Volodymyr Zelensky said on Tuesday (local time) that he had had a "productive" conversation with his US counterpart, Donald Trump on ending the war, sanctions on Russia and the finalisation of a US - Ukraine drone deal."President Trump is fully informed about Russian strikes on Kyiv and other cities and communities," Zelensky wrote on X, referring to intensifying drone and missile who has signalled frustration with Vladimir Putin in recent weeks, has given the Russian president until August 8 to make peace in Ukraine or face tougher sanctions. A source in Washington said US envoy Steve Witkoff would be meeting the Russian leadership in Moscow on in his nightly video address, Zelensky said Trump "knows the situation along the front line," which extends for 1,000 km (620 miles) through eastern and southern he said, had long supported US proposals for an immediate ceasefire and had proposed a number of formats to implement a halt to the fighting."We have spoken with and proposed to Russia quiet in the skies, no missile and drone attacks and specifically no attacks on civilian infrastructure or on the energy sector," he said."All of this has been violated by the Russians and in a very cynical fashion."Trump has threatened to hit Russia with new sanctions and impose 100% tariffs on countries that buy its oil, although sources close to the Kremlin have told Reuters that Putin is unlikely to bow to the said Ukraine was also ready to conclude a deal with the U.S. on the purchase of Ukrainian drones that would amount to "one of the strongest agreements". He had earlier said the deal was worth around $30 is increasingly seeking financing and investment from its foreign partners to bolster its burgeoning domestic arms said Kyiv's European partners had so far pledged to buy more than $1 billion in US weapons for Ukraine as part of a new scheme.- EndsTune InMust Watch
