As Tesla’s Autopilot technology continues to face scrutiny, the U.S. Department of Justice is delving deeper into potential securities and wire fraud allegations against the electric vehicle giant. Sources close to the matter revealed to Reuters the focus on whether Tesla misled investors and consumers regarding the capabilities of its self-driving systems.
Despite warnings from Tesla about the need for drivers to remain vigilant while using Autopilot and Full Self-Driving features, prosecutors are honing in on statements made by CEO Elon Musk and the company, suggesting a level of autonomy that may not align with reality.
This investigation unfolds against the backdrop of numerous crashes involving Tesla vehicles with Autopilot engaged, some of which have been fatal. The resultant mass recall initiated by Tesla underscores the urgency of the situation.
While the specifics of the alleged misleading statements remain undisclosed, the probe encompasses potential wire and securities fraud. The Securities and Exchange Commission (SEC) is also reportedly investigating Tesla’s representations to investors regarding its driver-assistance systems.
Tesla, notably, has not yet responded to requests for comment on the matter. However, it previously disclosed the Justice Department’s inquiry in a filing.
The investigation, while not indicative of guilt, could result in a range of outcomes, from criminal charges to civil penalties or no action at all. Prosecutors are currently sifting through extensive documentation provided by Tesla in response to subpoenas, indicating the complexity and breadth of the inquiry.
Key to the investigation is discerning whether Tesla’s statements crossed the threshold from permissible marketing to knowingly false assertions that harmed consumers or investors. Legal experts caution that demonstrating this will require substantial evidence of intent to deceive.
The spotlight on Tesla’s claims about autonomous driving comes amid growing concerns over the safety implications of such technology. Recent incidents, including fatal crashes, have raised questions about the adequacy of Tesla’s messaging and the reliability of its systems.
Ultimately, as the inquiry progresses, the outcome could have significant implications for Tesla, its investors, and the future of autonomous driving technology as a whole.
