The lawsuit comes after the public testing phase for Tesla Robotaxis in Austin, TX. Videos from participants in the Robotaxi Pilot Program showed vehicles exhibiting alarming behaviors, including dropping off passengers in the middle of intersections and driving into opposing lanes. We previously reported that Tesla’s Robotaxi rollout in Austin, TX, was less than a resounding success. Not a Great Start Tesla’s Robotaxi Rollout Riddled With Red TapeSecurities fraud is the misrepresentation or omission of information to induce investors into trading securities—“securities” being legal speak for investments that can be traded on financial markets. Unsurprisingly, if you’re an investor, you probably wouldn’t be pleased if the company you’re supporting lied to you about its products.