19.7 C
New York
Friday, May 24, 2024

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

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

By Andrew J. Hawkins, The Verge 

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.

More here >

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,167FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x