On May 31, 2023, a Tesla Model Y appeared in the Tesla parking lot in Austin, Texas. Tesla Model Y became the world’s best-selling car in the first quarter of 2023.
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in the third quarter financial filing On Monday, Tesla revealed that the U.S. Justice Department has been investigating and, in some cases, subpoenaing Musk’s automaker over its driver-assist systems that function as Autopilot and Full Autopilot. marketing of self-driving (or FSD) options; the scope of the company’s electric vehicles; and the company’s “personal interests, affiliates” and “personnel decisions.”
No specific related parties were listed in the filing. The term usually refers to a company’s executives, directors, largest shareholders, and sometimes other businesses they own.
wall street journal In August, federal prosecutors reported Under investigation into whether Tesla used company funds to design and build “Glass House Project” For Musk. Last year, Reuters reported that a federal criminal investigation was underway into Tesla’s claims that its cars were self-driving.
Reuters Studies by Recurrent and other companies have reportedly shown that Tesla vehicles frequently fail to meet range estimates and the range shown on on-board displays.
In Monday’s filing, Tesla also revealed that the company’s data breach has resulted in multiple individual and potential class-action lawsuits against the company. Tesla wrote in its disclosure that “a foreign news outlet reported that it obtained certain compromised data.” This appeared to be a reference to German news outlet Handelsblatt, which reported on the 100GB leak.Tesla DocumentsIn May of this year, thousands of customer complaints were filed about Tesla’s driver assistance features.
Regulatory scrutiny of Tesla and other companies at the state and federal levels appears to have prompted Musk to call for “comprehensive deregulation” weekend. Musk is also the CEO of SpaceX and owns and operates X Corp. (Twitter), among other businesses, as chief technology officer.
shares Tesla The company’s shares were higher at noon Monday, starting to recover from a 15% drop following the company’s downbeat third-quarter earnings call last week.
During the third-quarter conference call, Chief Executive Musk and other top executives discussed Tesla’s efforts to increase research and development spending and lower vehicle prices, and expressed concern that rising interest rates would reduce consumers’ ability or willingness to buy or lease new vehicles. .
The third-quarter report released on Monday was signed by Vaibhav Taneja, Tesla’s chief accounting officer and chief financial officer, who became chief financial officer in August this year. Tesla’s former chief financial officer Zachary Kirkhorn will be paid until his departure date, but the company has revised his departure date, according to documents filed on Monday.
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