Aug 5 (Reuters) - Elon Musk and Tesla were sued

by shareholders who accused them of securities fraud for

concealing the significant risk that the company's self-driving

vehicles, including the Robotaxi, were dangerous.

The proposed class action was filed on Monday night in

Austin, Texas, federal court, after Tesla's first public test of

its robotaxis in late June showed them speeding, exhibiting

sudden braking, driving over a curb, entering the wrong lane,

and dropping passengers off in the middle of multilane roads.

Tesla's share price fell 6.1% over two trading days after

the test began. Shareholders accused the electric vehicle maker

of overstating the effectiveness of its autonomous driving

technology, inflating its business prospects and stock price.

The lawsuit seeks unspecified damages for shareholders

between April 19, 2023 and June 22, 2025.

Tesla did not immediately respond on Tuesday to a request

for comment.