Check the latest market situation: U.S. prosecutors are investigating whether Tesla misled investors and consumers about the self-driving capabilities of its electric vehicles, people familiar with the matter said.
Tesla\’s Autopilot and Full Self-Driving systems are not fully autonomous. The U.S. Department of Justice is reviewing statements by the automaker and its CEO, Elon Musk, suggesting the cars could drive themselves.
People familiar with the matter said investigators are looking into whether Tesla deceived investors and committed wire fraud or securities fraud.
One of the people added that the U.S. Securities and Exchange Commission (SEC) is also investigating Tesla’s statements to investors about driver assistance systems.
Tesla has not yet requested comment. The SEC declined to comment.
Tesla shares fell 3.5% before the market opened.
U.S. prosecutors investigating Tesla for possible fraud
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