Feds' Tesla Fraud Investigation Over Autopilot Heats Up

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Did Tesla and its CEO, Elon Musk, mislead investors about its cars self-driving capabilities? And will Tesla turn to lidar (again)?

Did Tesla and its CEO, Elon Musk, mislead investors about its cars self-driving capabilities? And will Tesla turn to lidar ?. That could lead to some interesting changes for the tech, as lidar supplier Luminar also reports that Tesla was its biggest customer in Q1, despite Elon Musk swearing off lidar for Tesla's production vehicles for right now, instead relying entirely on a camera array and a computer training model.The U.S.

Investigators will have to prove that the company and representatives committed "material and knowingly false statements that unlawfully harmed consumers or investors." If there is any evidence to be found, it's likely in the stacks of internal Tesla documents and communications that have reportedly been subpoenaed.with "more than 10 percent" of revenue earned from the automaker in Q1 2024.

 

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