Tesla shares are falling due to an investigation report from the US Department of Justice

Tesla (TSLA) shares are falling after reports that the Justice Department is investigating whether the company committed securities and wire fraud in its autonomous driving claims. Yahoo Finance’s Brad Smith and Seana Smith break down the latest news.

The U.S. Department of Justice investigation adds another layer to the problems Tesla is currently facing, from flagging demand for electric vehicles to unclear robotaxi plans. The company has been focused on publicizing its “Full Self-Driving” technology despite consumer skepticism, and news of the investigation could only increase investor and consumer concerns.

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This article was written by Melanie Riehl