U.S. prosecutors are investigating whether Tesla misled investors and consumers about the capabilities of its electric vehicles’ self-driving technology, according to sources familiar with the matter. The investigation is focusing on whether Tesla committed securities or wire fraud by suggesting that its cars can drive themselves, despite warnings to drivers to remain ready to take over.
The probe comes after regulators investigated numerous crashes, including fatal ones, involving Tesla vehicles with Autopilot engaged, leading to a mass recall by the automaker. The Securities and Exchange Commission is also looking into Tesla’s representations about its driver-assistance systems to investors.
Tesla has not responded to requests for comment, but in a filing last year, the company disclosed that the Justice Department had requested information about its Autopilot and Full Self-Driving systems. CEO Elon Musk has long been a vocal advocate for Tesla’s self-driving technology, but prosecutors are now scrutinizing whether the company’s claims crossed a legal line.
Legal experts suggest that prosecutors will need to show that Tesla knowingly made false statements that harmed consumers or investors to pursue criminal charges. The investigation is ongoing, and prosecutors are reviewing voluminous documents provided by Tesla in response to subpoenas.
The outcome of the investigation could have significant implications for Tesla and its future development of autonomous driving technology. Musk’s ambitious promises of self-driving Teslas have been a key selling point for the company, but the investigation raises questions about the accuracy of those claims and the potential legal consequences for Tesla.