"Defendants next argue that several Timeline and Safety Statements, (Statements about full self driving), are nonactionable statements of corporate puffery and optimism. Mot. at 15, 19. In the Ninth Circuit, “vague, generalized assertions of corporate optimism or statements of ‘mere puffing’ are not actionable material misrepresentations under federal securities laws” because no reasonable investor would rely on such statements."
Comments
(Old Spike)
Yeah, it is absolutely ridiculous.
(Spiker)
"Defendants next argue that several Timeline and Safety Statements, (Statements about full self driving), are nonactionable statements of corporate puffery and optimism. Mot. at 15, 19. In the Ninth Circuit, “vague, generalized assertions of corporate optimism or statements of ‘mere puffing’ are not actionable material misrepresentations under federal securities laws” because no reasonable investor would rely on such statements."
https://electrek.co/2024/10/02/elon-musk-celebrates-winning-lawsuit-tesla-self-driving-claims-embarrassing-defense/