Orlando, Florida – The electric vehicle manufacturer Tesla is currently under investigation by US prosecutors for potential securities and wire fraud related to its Autopilot system. This probe comes amidst reports of the Department of Justice looking into the company’s claims about its Full Self-Driving technology, causing Tesla’s stock to drop significantly.

The investigation centers around allegations that Tesla may have misled investors and the public about the capabilities of its Autopilot feature and Full Self-Driving technology. This scrutiny could have serious implications for the company and its CEO, Elon Musk, who has been known for making bold claims about Tesla’s advancements in autonomous driving.

Tesla’s stock has been volatile in recent months, with news of the investigation leading to further uncertainty among investors. The company is facing pressure to provide accurate and transparent information about its self-driving technology and to cooperate fully with authorities during the investigation.

Federal investigators have reportedly requested information from Tesla regarding its Autopilot system and any potential fixes or updates that may be needed. This request indicates the seriousness of the probe and highlights the importance of ensuring the safety and reliability of autonomous driving systems for both Tesla and the broader industry.

As the investigation unfolds, stakeholders will be closely monitoring Tesla’s response and any potential legal repercussions that may arise. The outcome of this probe could have far-reaching implications for the future of autonomous vehicles and the regulatory oversight of companies like Tesla in the rapidly evolving landscape of electric and self-driving cars.