Posted 10/23/2023, 8:24:14 PM
Tesla Faces DOJ Investigation Over Claims of Exaggerated Vehicle Range and Safety
- DOJ investigating Tesla after report it created team to divert customer complaints about exaggerated vehicle driving range claims
- Probe comes amid other issues - unsuccessful FSD launch, criminal probe into Autopilot claims
- DOJ subpoenaed docs related to Autopilot, FSD, personal benefits, vehicle range, personnel
- Tesla to exceed $7-9B target for capital expenditures this year, hopes to return to target in 2 years
- Tesla starting larger-scale advertising which could attract more regulatory scrutiny if claims deemed deceptive