Tesla Autopilot Under Investigation for Securities and Wire Fraud

Recent reports suggest that the U.S. prosecutors’ investigation into Tesla and its Autopilot system is expanding beyond just the functionality of the technology. Regulators are now delving into whether Elon Musk and Tesla may have engaged in securities or wire fraud by providing misleading information to investors and customers regarding the capabilities of their self-driving features.

Probe into Tesla’s Autopilot System

The investigation into Tesla’s Autopilot system has raised concerns about the company’s transparency and disclosure practices. With over 200 crashes linked to the technology, authorities are questioning the accuracy of Tesla’s claims about the system’s capabilities.

Possible Securities and Wire Fraud

Elon Musk and Tesla are facing allegations of securities and wire fraud for potentially misleading investors and customers about the self-driving abilities of their vehicles. The probe is expected to shed light on whether the company violated any laws by exaggerating the capabilities of its Autopilot system.

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