Tesla, Inc (NASDAQ:TSLA) shares are trading lower Wednesday following reports that U.S. prosecutors are looking into whether Tesla misled investors and customers about its self-driving technology.
What Happened: The Justice Department is examining certain statements made by Tesla and CEO Elon Musk about the company’s full self-driving capabilities, according to Reuters.
Prosecutors are specifically looking into potential statements suggesting Tesla vehicles can completely drive themselves. Tesla’s Full Self-Driving system offers steering assist, braking and lane change assistance, but it’s not a fully autonomous system and Tesla has told drivers to remain ready to take over control of the vehicle when using the ...