SEC, DOJ Probe Tesla Over Statements About Autopilot Functionality
WASHINGTON—Federal prosecutors and securities regulators are investigating whether
Tesla Inc.
TSLA 0.50%
misled consumers and investors about how its advanced driver-assistance system performed, according to a person familiar with the matter.
The Justice Department is looking at statements that Tesla and its executives made about the safety and functionality of the system known as Autopilot, the person said. The Securities and Exchange…