San Diego, Jan. 23, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Tesla Motors Inc (NASDAQ:TSLA) over potential securities laws violations by certain officers and directors at Tesla Motors was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tesla Motors Inc (NASDAQ:TSLA) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements Tesla Motors business, its prospects and its operations were potentially materially false and misleading at the time they were made.

Tesla Motors reported that its annual Revenue increased from $0.07million for 2007 to $116.74million in 2010. For the first quarter in 2011 Tesla Motors Inc reported a quarterly Revenue of $49.03million compared to $20.81million in 2010 and its third quarter Revenue rose from $31.24million in 2010 to $57.67million in 2011.

Despite increases in Revenue Tesla Motors annual Net Loss rose from $78.16million in 2007 to $154.33milion in 2010 and its third quarter Net Loss increased from $34.94million in 2010 to $65.08million in 2011.
Shares of Tesla Motors Inc (NASDAQ:TSLA) rose from as low as $15.80 during July 2010 to as high as $35.32 per share in November 2010 and reached in the end of 2011 more than $33 per share. However since then TSLA stocks fell to under $23 on January 13, 2012 after several media outlets reported that Teslas Vice President and Chief Engineer, and Nick Sampson, who supervised vehicle and chassis engineering had departed from Tesla Motors Inc this month.

NASDAQ TSLA stocks closed on January 20, 2012 at $26.60 per share.