A new securities class action lawsuit filed in late March 2018, which names Elon Musk as a defendant, alleges that the Tesla CEO knew that the Model 3 was not going to be able to be produced as the rates he claimed - and that the company was not going to be able to meet production goals due to - get this - the production lines not even being assembled.
The lawsuit alleges that this didn’t prevent Elon Musk from going out and telling the investing public otherwise, hence the allegation of securities fraud."Elon Knew": New Lawsuit Alleges Musk Knowingly Lied About Model 3 Production
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