CEO Elon Musk’s long touted the capability of Full Self-Driving, but the technology is still in the testing stage and won’t be Level 5 capable when it does arrive.<\/figcaption><\/figure><\/div>\n\n\n\nThe SEC and Justice Department could take a number of actions, the Reuters news service raising the prospect of criminal sanctions.<\/p>\n\n\n\n
Did Tesla intentionally mislead customers?<\/h2>\n\n\n\n
At the heart of the issue is whether Tesla has intentionally misled consumers to believe Autopilot and FSD are true, hands-free systems. Critics have pointed to an early video released by the automaker implying such capabilities, as well as e-mails from Musk ordering edits to the video. Testimony by the current head of the Autopilot development team in an ongoing lawsuit has also raised questions about Tesla\u2019s marketing strategy.<\/p>\n\n\n\n
On its corporate website, the automaker notes that drivers must keep their hands on the steering wheel while operating in Autopilot mode.<\/p>\n\n\n\n
Concerns about Autopilot and Full Self-Driving \u2014 both from a technical and marketing perspective \u2014 are among the many issues the automaker faces. It\u2019s facing a growing assortment of challengers, with the number of all-electric vehicles tripling last year and expected to grow again sharply in 2023. Rising inflation and interest rates pose additional changes, Musk has said on several occasions. And Tesla\u2019s once pristine image among current and potential buyers appears to have been tarnished by the CEO controversial behavior since completing his $44 billion acquisition of Twitter last October.<\/p>\n\n\n\n
Investors unfazed<\/h2>\n\n\n\n
But investors were buoyed by the company\u2019s latest earnings and sales results and Musk\u2019s upbeat forecast going forward.<\/p>\n\n\n\n
He has also hinted that demand surged this month as a result of the sharp price cuts announced for products like the Tesla Models 3 and Y.<\/p>\n\n\n\n
Ford has responded by ordering discounts for its all-electric Mustang Mach-E, but General Motors and Volkswagen have indicated they will not cut prices for their own EVs in response to the move by Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tesla investors appeared to ignore the automaker\u2019s revelation that it\u2019s facing a subpoena from the Securities and Exchange Commission probing its claims about the semi-autonomous Autopilot system. A monthlong rally has helped Tesla shares recover much of the value lost in December.<\/p>\n","protected":false},"author":2,"featured_media":237432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,1169,4344,1347,9],"tags":[9600,4093,386,9601,5446],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/238360"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=238360"}],"version-history":[{"count":6,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/238360\/revisions"}],"predecessor-version":[{"id":238380,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/238360\/revisions\/238380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/237432"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=238360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=238360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=238360"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=238360"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=238360"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=238360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}