December 7, 2023

The Division of Justice (DOJ) is increasing its probe into Tesla over the corporate’s enterprise practices.

Tesla has been beneath hearth for its Full Self-Driving and Autopilot claims, with quite a few cases of accidents and collisions because of the tech. In response to an SEC submitting, regulators seem like increasing the investigation, trying into claims Tesla has been inflating autos’ driving vary, in addition to asking questions on private advantages and extra.

Individually, the Firm has acquired requests for info, together with subpoenas, from the DOJ. These have included requests for paperwork associated to Tesla’s Autopilot and FSD options. Moreover, the Firm has acquired requests for info, together with subpoenas from the DOJ, relating to sure issues related to private advantages, associated events, car vary and personnel choices. To our data no authorities company in any ongoing investigation has concluded that any wrongdoing occurred. We can’t predict the end result or impression of any ongoing issues. Ought to the federal government resolve to pursue an enforcement motion, there exists the potential of a fabric hostile impression on our enterprise, outcomes of operation, prospects, money flows, monetary place or model.