financetom
Business
financetom
/
Business
/
Tesla Faces Antitrust Suit Over Alleged Monopoly in Parts, Repairs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla Faces Antitrust Suit Over Alleged Monopoly in Parts, Repairs
Jun 18, 2024 11:05 AM

01:45 PM EDT, 06/18/2024 (MT Newswires) -- Tesla (TSLA) has been sued in a federal court in a antitrust putative class action lawsuit alleging monopolization of markets for repairs and parts, according to a court document filed Monday.

The document submitted in the US District Court for the Northern District of California said that the case arises from five related lawsuits and the plaintiffs are owners or lessors of battery-electric motor vehicles manufactured by Tesla.

The case alleges that Tesla EVs can only be maintained and repaired by a service provider "who specializes in the maintenance and repair of Tesla EVs" and the "vague provisions" in the company's warranties prevent owners from repairing their own vehicles or using independent service providers.

US District Judge Trina L. Thompson in San Francisco ruled that owners are allowed to try to prove that Tesla's warranty constraints force them into paying more and waiting longer to have their vehicles fixed.

Tesla didn't immediately respond to a request for comment by MT Newswires.

Price: 185.06, Change: -2.38, Percent Change: -1.27

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
Oct 3, 2024
(Reuters) -OpenAI's chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made. In a statement, he said no specific figures have been discussed for any equity compensation for Altman. Reuters reported on Wednesday that OpenAI is working on a plan to restructure its core business into...
Target Fails to Convince Federal Judge to Dismiss Lawsuit Over 'Clean' Labeling
Target Fails to Convince Federal Judge to Dismiss Lawsuit Over 'Clean' Labeling
Oct 3, 2024
03:14 PM EDT, 09/26/2024 (MT Newswires) -- A federal court in Minnesota denied Target's ( TGT ) attempt to dismiss a consumer class action that claims the retailer's Target Clean labeling misled shoppers, according to a court filing. The lawsuit, brought by a group of consumers, centers on Target's ( TGT ) Target Clean program, which the company launched in...
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
Oct 3, 2024
Sept 26 (Reuters) - OpenAI's chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made. In a statement, he said no specific figures have been discussed for any equity compensation for Altman. (Reporting By Krystal Hu in San Francisco) ...
Acadia Healthcare to pay $19.85 million to settle allegations of improper billing, DOJ says
Acadia Healthcare to pay $19.85 million to settle allegations of improper billing, DOJ says
Oct 3, 2024
WASHINGTON, Sept 26 (Reuters) - Acadia Healthcare Co ( ACHC ) has agreed to pay $19.85 million to settle allegations the company billed for medically unnecessary inpatient behavior health services, the U.S. Justice Department said on Thursday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved