Prosecutors Investigating Whether Tesla Mislead Investors and Consumers About Autopilot

Elvis Dunderhoff May 9, 2024

A Tesla crash is not like a normal crash.

It is something much more serious.

Reuters:

U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters.

Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes – but are not fully autonomous. While Tesla has warned drivers to stay ready to take over driving, the Justice Department is examining other statements by Tesla and Chief Executive Elon Musk suggesting its cars can drive themselves.

Yeah, that’s apparently what everyone believes.

They have probably seen Google or Chinese self-driving cars, and are just confused as to why Elon would not have developed that already.

People don’t understand what a joke and a pump and dump scam this company is.

U.S. regulators have separately investigated hundreds of crashes, including fatal ones, that have occurred in Teslas with Autopilot engaged, resulting in a mass recall by the automaker.

See: US Investigating Musk’s Murder Machines After Massive Recall Fails to Stop “Autopilot” Crashes

Reuters exclusively reported the U.S. criminal investigation into Tesla in October 2022, and is now the first to report the specific criminal liability federal prosecutors are examining.

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 comment.

…

Reuters could not determine the specific statements prosecutors are reviewing as potentially illegal. Musk has aggressively touted the prowess of Tesla’s driver-assistance technology for nearly a decade.

Tesla videos demonstrating the technology that remain archived on its website say: “The person in the driver’s seat is only there for legal reasons. He is not doing anything. The car is driving itself.”

…

In a conference call with reporters in 2016, Musk described Autopilot as “probably better” than a human driver. During an October 2022 call, Musk addressed a forthcoming FSD upgrade he said would allow customers to travel “to your work, your friend’s house, to the grocery store without you touching the wheel.”

Yeah, he’s said all that shit.

There are warnings all over the place about how it’s not actually FSD, and is really just a worthless gimmick (that is vaguely advertised as a step in the right direction). But people probably believe statements from Musk over safety warnings. Then they die.

Tesla is literally a scam company. They have committed fraud that has resulted in people’s deaths. They also lie about the range of the vehicles and the parts used in their construction.


Here’s a hot take: Elon says all this racist stuff on Twitter (in fact replies to racist statements with “wow”) because he wants to be able to claim that the government is suing him for political reasons.

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