Tesla Faces DoJ Probe for Deceptive Statements on Autonomous Driving [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Department of Justice is examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles' self-driving capabilities Tesla's Autopilot and Full Self-Driving systems assist with steering, braking and lane changes - but are not fully autonomous - and Reuters reports that, according to three people familiar with the matter, the DoJ is checking statements by the automaker and Chief Executive Elon Musk suggesting cars can drive themselves. Investigators are exploring whether Tesla committed wire fraud, which involves deception in interstate communications, by misleading consumers about its driver-assistance systems , the sources said. They are also examining whether Tesla committed securities fraud by deceiving investors, two of the sources said. The Securities and Exchange Commission is also investigating Tesla's representations about driver-assistance systems to investors, one of the people said. The SEC declined to comm
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