A group of Tesla shareholders sued Elon Musk and company management. In a class action lawsuit, they pointed out that they were deceived about the effectiveness of the autopilot and how safely it drives the electric car, reports The Guardian.

The shareholders noted that they bought Tesla securities from February 2019 to February 2023, and amid news of accidents involving electric cars and a recall campaign, they lost money. Therefore, they are demanding that Musk and representatives of the firm repay their losses.

Tesla's stock price dropped 5.7 percent after the company decided to recall 362,758 vehicles from sale. The manufacturer reported problems with the Model S, Model X, Model 3 and Model Y of various production years. It turned out that the beta autopilot that these models use exceeds the speed limit, can run a yellow light and doesn't make a full stop at a stop sign.

Tesla stock has risen 70 percent since the beginning of the year, returning to its early November 2022 level, putting Musk ahead of LVMH Group President Bernard Arnault. Musk's fortune is now estimated at $187.1 billion.