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

Image: Cath Virginia / The Verge; Photo by STR / NurPhoto, Getty Images 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. Now, it appears that investigators are zeroing in on specific charges against the company: securities and wire fraud. According to Reuters, the probe is looking into statements made by Tesla CEO Elon Musk in particular. For... Continue reading…

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May 8, 2024 - 16:40

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

Photo collage of Elon Musk. — Image: Cath Virginia / The Verge; Photo by STR / NurPhoto, Getty Images

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. Now, it appears that investigators are zeroing in on specific charges against the company: securities and wire fraud.

According to Reuters, the probe is looking into statements made by Tesla CEO Elon Musk in particular. For...