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Tesla is under a federal wire fraud probe for misleading investors
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled.
And today, it emerged that the US Department of Justice is investigating whether or not Tesla committed securities or wire fraud by making misleading statements about Autopilot and its so-called "Full Self-Driving" (FSD) option. Federal prosecutors first became interested in "whether Tesla misled consumers, investors, and regulators by making unsupported claims about its driver assistance technology's capabilities" in 2022. Critics have regularly pointed out that even the name "Autopilot" is misleading, and there have been multiple instances of Musk demonstrating the system on camera without keeping his hands on the steering wheel, despite other Tesla literature that states drivers must do so at all times.
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