Tesla is under investigation by the Department of Justice for wire fraud and securities fraud over its 'self-driving' technology

Tesla, an electric vehicle manufacturer led by Elon Musk, is equipped with driver assistance features such as Autopilot and Full Self-Driving (FSD), but FSD has been plagued with safety issues and

recalls . The Department of Justice is investigating the company for allegedly making misleading statements to commit securities fraud and wire fraud.

Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud | Reuters

Tesla is being investigated for securities and wire fraud for self-driving claims - The Verge


Tesla is under a federal wire fraud probe for misleading investors | Ars Technica

Tesla has equipped all of its vehicles with 'Autopilot' since October 2016. The Tesla manual describes Autopilot as ' a combination of advanced driver assistance features designed to make driving safer and less stressful, ' and notes that it is not a fully automatic driving function.

Autopilot | Tesla Japan

In addition, the company has started offering 'FSD' since 2020. However, although the name is 'fully autonomous driving,' it has been pointed out that in reality it is equivalent to 'Level 2 autonomous driving,' which requires constant monitoring by the driver.

In 2021, a number of accidents involving Autopilot prompted the Department of Transportation's National Highway Traffic Safety Administration to launch an investigation, leading to the recall of more than 2 million vehicles.

Tesla to recall all Autopilot-equipped vehicles, over 2 million vehicles subject to recall - GIGAZINE

This time, the Department of Justice is not investigating functionality, but rather allegations of wire fraud for misleading consumers about the driver assistance system, and securities fraud for misleading investors.

A Reuters source who reported on the matter said that not only the Department of Justice but also the Securities and Exchange Commission are investigating the representations Tesla made to investors about its driver assistance system.

The Department of Justice and the Securities and Exchange Commission have not commented on the matter, and Tesla responded that the Department of Justice had requested information about Autopilot and FSD in October 2023, but did not comment on the matter.

in Note,   Software,   Ride, Posted by logc_nt