Tesla To Face Lawsuit For Alleged Monopoly On Vehicle Repairs And Parts
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is facing a class-action lawsuit for allegedly monopolizing the market for vehicle repairs and parts. A U.S. judge has allowed Tesla owners to proceed with the lawsuit, which claims that Tesla's practices violate federal and California antitrust laws.
June 19, 2024 | 3:40 am
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Tesla is facing a class-action lawsuit for allegedly monopolizing the market for vehicle repairs and parts. The lawsuit claims that Tesla's practices violate federal and California antitrust laws.
The lawsuit could lead to significant legal and financial repercussions for Tesla, potentially affecting its stock price negatively in the short term. The allegations of monopolistic practices could also harm Tesla's reputation and customer trust.
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