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Tesla is being investigated for securities and wire fraud for self-driving claim
Elon Musk has promised fully autonomous vehicles for years.
The Department of Justice is looking into whether Tesla committed securities and wire fraud around its self-driving vehicle claims, Reuters reports today, citing three sources familiar with the matter. The investigation, which was first reported in October 2022 but has been going on since at least late 2021, involves federal prosecutors in Washington and San Francisco who are examining whether Tesla executives misled consumers, investors, and regulators by making unsupported claims about its autonomous capabilities. In its latest securities filing, Tesla acknowledged “regularly” receiving subpoenas and requests for information from the SEC and Justice Department, some of which involve Autopilot and Full Self-Driving.
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