The Department of Justice (DOJ) is expanding its probe into Tesla over the company’s business practices.
Tesla has been under fire for its Full Self-Driving and Autopilot claims, with numerous instances of accidents and collisions as a result of the tech. According to an SEC filing, regulators appear to be expanding the investigation, looking into claims Tesla has been inflating vehicles’ driving range, as well as asking questions about personal benefits and more.
Separately, the Company has received requests for information, including subpoenas, from the DOJ. These have included requests for documents related to Tesla’s Autopilot and FSD features. Additionally, the Company has received requests for information, including subpoenas from the DOJ, regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions. To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred. We cannot predict the outcome or impact of any ongoing matters. Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, financial position or brand.