Tesla Inc. confirmed in a regulatory filing that the U.S. Department of Justice has asked the company to provide documents related to its Advanced Assisted Driving System after a criminal investigation was launched against it.
Tesla Autopilot System
Tesla said in a regulatory filing that the U.S. Department of Justice requested information about its Autopilot system, which helps owners complete tasks such as steering and maintaining a safe distance from other vehicles on the highway.
Foreign media previously reported that the U.S. Department of Justice and the U.S. Securities and Exchange Commission are investigating whether Tesla misled consumers and investors about Autopilot’s performance. Federal prosecutors are reviewing statements made by Tesla and its executives about Autopilot’s safety and functionality. The U.S. Department of Justice’s criminal investigation involves authorities in Washington and San Francisco.
In its regulatory filing, Tesla said, “We are not aware of any ongoing investigation in which any government agency has concluded that (we) engaged in any misconduct.” Tesla added that it cannot predict the outcome of any ongoing matters and that “our business, results of operations, prospects, cash flow and financial condition could be materially and adversely affected if the government decides to take enforcement action.”
Tesla has previously said it is safer to drive with Autopilot than without the system. Tesla says its internal data shows that accidents are less common when owners use the Autopilot feature. However, some researchers have criticized the methods used by Tesla.
Tesla would not comment. The U.S. Department of Justice would not comment. Tesla shares rose 3.9 percent yesterday and have accumulated a 41 percent gain this year. Last year, Tesla shares plunged 65 percent, the largest annual decline in its history.
